Insider Selling at Cboe Global Markets: EVP Adam Inzirillo Sells Shares

Cboe Global Markets, Inc. (NASDAQ:CBOE) recently witnessed a notable transaction involving its executive vice president, Adam Inzirillo. On February 20th, Inzirillo sold 200 shares of the company's stock at an average price of $209.67, which amounted to a total value of $41,934.00. After completing this sale, the executive now holds a total of 1,993 shares, with an estimated worth of approximately $417,872.31. This sale represents a decrease of 9.12% in his overall position in Cboe Global Markets.

This transaction has been formally disclosed in a filing with the Securities and Exchange Commission, which can be accessed via the SEC's official website.

In addition to this most recent sale, Adam Inzirillo has also been active in trading shares of Cboe Global Markets. Earlier, on February 10th, he sold 80 shares of the stock at an average price of $211.66, generating a total value of $16,932.80.

Cboe Global Markets Stock Movement

On the stock market, CBOE shares saw an increase of $2.02 during trading on the following Friday, bringing the stock price to $210.93. The trading volume for the day was approximately 811,852 shares, surpassing the average volume of 746,769 shares. The company is marked by a market capitalization of $22.08 billion, a price-to-earnings (P/E) ratio of 29.21, and a beta value of 0.68. Notably, the stock has fluctuated between a one-year low of $166.13 and a high of $221.66.

Cboe Global Markets reported its financial performance on February 7th, revealing earnings per share of $2.10 for the quarter. This figure was slightly below the analysts' average prediction of $2.14. The firm recorded a net profit margin of 18.64% and a return on equity of 22.02%. Analysts are forecasting that Cboe Global Markets will achieve an EPS of 8.96 for the current fiscal year.

Dividend Announcement by Cboe Global Markets

Furthermore, Cboe Global Markets recently declared a quarterly dividend, set to be paid on March 14th. Shareholders who are on record as of February 28th will receive a dividend of $0.63 per share. The ex-dividend date coincides with February 28th. This dividend translates to an annual payout of $2.52, yielding approximately 1.19% for investors, which reflects a payout ratio of 34.90%.

Recent Analyst Ratings for Cboe Global Markets

The stock has garnered various opinions from analysts. Keefe, Bruyette & Woods adjusted its price target from $220.00 to $215.00 while maintaining a "market perform" rating. Similarly, Oppenheimer lowered their price target from $232.00 to $218.00, retaining an "outperform" rating. In contrast, Goldman Sachs shifted their rating from "neutral" to "sell," establishing a price target of $184.00. Two analysts have set a "sell" rating, five recommended holding, and two rated the stock as a buy. Currently, Cboe Global Markets is generally viewed as a "hold" with a consensus price target of $206.86.

Examine Recent Insights on Cboe Global Markets

Trends in Institutional Trading of Cboe Global Markets

Institutional investors have been actively adjusting their holdings of CBOE shares. Notable transactions include New York Life Investment Management LLC, which increased its stake by 0.3% in the last quarter, owning 15,531 shares worth $3,035,000. Summit Financial LLC also grew its investment by 0.4%, acquiring 10,908 shares valued at $2,131,000.

Other firms like Exencial Wealth Advisors LLC and Inspire Advisors LLC have similarly increased their positions within the quarter. Collectively, institutional investors and hedge funds now control around 82.67% of Cboe Global Markets' total shares.

About Cboe Global Markets

Cboe Global Markets, Inc. ranks as one of the leading stock exchange operators in the United States by trading volume. The firm provides access to a diverse array of trading options, including equities, derivatives, and exchange-traded products (ETPs), alongside services in foreign exchange and volatility products based on the VIX index.

Insider, Trading, Stock