Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $281.00

Cboe Global Markets (NASDAQ:CBOE) had its target price boosted by TD Cowen from $274.00 to $281.00 in a research report released on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Cowen restated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday. Finally, UBS Group boosted their target price on Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $268.36.

Cboe Global Markets Stock Up 1.0%

Shares of Cboe Global Markets stock opened at $273.55 on Wednesday. The stock’s 50-day moving average is $255.89 and its 200 day moving average is $245.82. Cboe Global Markets has a one year low of $192.43 and a one year high of $276.47. The firm has a market cap of $28.63 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 earnings per share. Equities research analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s payout ratio is presently 30.93%.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently bought and sold shares of CBOE. Missouri Trust & Investment Co purchased a new position in Cboe Global Markets during the 2nd quarter worth $26,000. Physician Wealth Advisors Inc. lifted its position in shares of Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Cboe Global Markets during the second quarter worth about $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the 2nd quarter worth about $31,000. Finally, Ameriflex Group Inc. grew its position in Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.