Insider Selling at Cboe Global Markets, Inc.

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) reported a recent insider transaction where Executive Vice President Adam Inzirillo sold 200 shares of the company’s stock on February 20th. The shares were sold at an average price of $209.67, totaling a value of $41,934. Following this sale, Inzirillo retains ownership of 1,993 shares, approximating a value of $417,872.31. This transaction signifies a 9.12% reduction in his overall stake in the firm. Details regarding this transaction have been filed with the Securities and Exchange Commission (SEC) and can be found through a public filing.

In addition to this recent sell-off, Adam Inzirillo recently conducted another sale on February 10th, where he disposed of 80 shares at an average price of $211.66, which amounted to a total of $16,932.80.

Current Stock Performance

As of midday trading on February 20th, CBOE shares rose by $2.02, trading at $210.93 with a volume of 811,852 shares, eclipsing its average volume of 746,769 shares. The company's 50-day moving average stands at $199.77 and it boasts a market capitalization of approximately $22.08 billion. The stock holds a P/E ratio of 29.21 and a beta of 0.68. Cboe Global Markets has seen a low of $166.13 and a high of $221.66 within the past year.

On February 7th, Cboe Global Markets published its earnings report, revealing an earnings per share (EPS) of $2.10 which fell short of analysts’ expectations by $0.04. The company's net margin stands at 18.64% with a return on equity of 22.02%. Predictions indicate a potential EPS of 8.96 for the current year.

Dividend Announcement

The company has recently made headlines by announcing a quarterly dividend scheduled for distribution on March 14th. Shareholders registered by February 28th will receive a dividend of $0.63 per share, culminating in an annualized dividend of $2.52 which reflects a yield of 1.19%. The current payout ratio is recorded at 34.90%.

Analyst Ratings Updates

Various analysts have recently provided updates regarding CBOE shares. For instance, Keefe, Bruyette & Woods adjusted their price target from $220.00 to $215.00 while maintaining a 'market perform' rating. Oppenheimer has also lowered their target from $232.00 to $218.00 and continues to rate the stock as 'outperform'. Other analysts have downgraded their ratings, including The Goldman Sachs Group, which moved from a 'neutral' to a 'sell' rating at a revised price target of $184.00. According to data from MarketBeat.com, the collective analyst rating for Cboe Global Markets stands at 'Hold' with an average target price of $206.86.

Institutional Trading Activity

Recently, there has been notable activity among institutional investors in Cboe Global Markets. For example, New York Life Investment Management LLC increased their holdings by 0.3% in the fourth quarter, now owning 15,531 shares valued at $3,035,000. Similarly, other firms such as Summit Financial LLC and Exencial Wealth Advisors LLC reported slight increases in their stakes. Currently, institutional investors and hedge funds hold 82.67% of the company's total shares.

About Cboe Global Markets

Cboe Global Markets, Inc. is recognized as one of the leading stock exchange operators by trading volume within the United States. The company specializes in a wide range of trading products including options, futures, equities, and exchange-traded products (ETPs) in various global markets.

Cboe, Insider, Selling