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

Cboe Global Markets, Inc. (BATS:CBOE) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $322.60.

A number of brokerages have recently issued reports on CBOE. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. UBS Group upped their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $344.24 on Friday. The company’s fifty day moving average price is $315.10 and its 200-day moving average price is $284.49. The firm has a market capitalization of $36.51 billion, a price-to-earnings ratio of 177.44 and a beta of 0.61. Cboe Global Markets has a one year low of $218.14 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Cboe Global Markets by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares during the last quarter. Kendall Capital Management lifted its stake in Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after purchasing an additional 40 shares during the last quarter. SHUTTLEWORTH & Co lifted its stake in Cboe Global Markets by 0.5% during the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after purchasing an additional 41 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after purchasing an additional 41 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its stake in Cboe Global Markets by 4.1% during the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors 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.