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

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $322.60.

Several analysts have issued reports on the company. TD Cowen lifted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, 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.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $254.69 on Thursday. The company has a market capitalization of $27.01 billion, a PE ratio of 131.28 and a beta of 0.61. Cboe Global Markets has a 12 month low of $223.54 and a 12 month high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $316.51 and its 200 day simple moving average is $287.56.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. On average, research analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 dividend payout ratio (DPR) is currently 98.97%.

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently modified their holdings of CBOE. Sound Income Strategies LLC increased its position in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $26,000. NFSG Corp acquired a new stake in shares of Cboe Global Markets in the first quarter valued at about $31,000. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at about $31,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.