Cboe Global Markets, Inc. (BATS:CBOE) Receives Average Recommendation of “Hold” from Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $314.10.

A number of analysts have recently commented on the company. UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays lowered their price objective on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Piper Sandler boosted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Loop Capital set a $347.00 price target on shares of Cboe Global Markets in a research report on Thursday.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC grew its position in shares of Cboe Global Markets by 7.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 8,945 shares of the company’s stock valued at $2,171,000 after buying an additional 640 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Cboe Global Markets during the second quarter worth about $210,000. Chesley Taft & Associates LLC lifted its stake in shares of Cboe Global Markets by 3.1% in the second quarter. Chesley Taft & Associates LLC now owns 29,447 shares of the company’s stock worth $7,146,000 after acquiring an additional 884 shares during the period. Czech National Bank boosted its holdings in Cboe Global Markets by 4.5% in the second quarter. Czech National Bank now owns 29,789 shares of the company’s stock valued at $7,229,000 after acquiring an additional 1,289 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Cboe Global Markets by 113.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 15,930 shares of the company’s stock valued at $3,866,000 after acquiring an additional 8,450 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

BATS CBOE opened at $268.07 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 138.18 and a beta of 0.61. The business’s fifty day moving average is $299.74 and its 200 day moving average is $287.47.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the previous year, the company posted $2.50 EPS. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.