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

Cboe Global Markets, Inc. (BATS:CBOE) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $187.36.

A number of analysts recently commented on the stock. Rosenblatt Securities boosted their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. Barclays upped their price target on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup upped their price target on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Cboe Global Markets by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,382,015 shares of the company’s stock worth $1,416,751,000 after acquiring an additional 185,967 shares in the last quarter. Viking Global Investors LP acquired a new stake in shares of Cboe Global Markets in the fourth quarter worth $430,776,000. Geode Capital Management LLC increased its position in shares of Cboe Global Markets by 3.4% in the first quarter. Geode Capital Management LLC now owns 2,398,830 shares of the company’s stock worth $321,793,000 after acquiring an additional 79,184 shares in the last quarter. FMR LLC increased its position in shares of Cboe Global Markets by 15.1% in the third quarter. FMR LLC now owns 2,206,823 shares of the company’s stock worth $344,728,000 after acquiring an additional 289,048 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Cboe Global Markets by 24.5% in the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after acquiring an additional 342,505 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 0.4 %

Shares of Cboe Global Markets stock opened at $176.63 on Wednesday. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $184.69 and its 200-day simple moving average is $178.08. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 91.05 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same period in the previous year, the business posted $1.80 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s payout ratio is 98.97%.

About Cboe Global Markets

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.