Cboe Global Markets, Inc. (BATS:CBOE) Receives $314.10 Average Price Target from Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $314.00.

CBOE has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Barclays cut their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th.

Insider Buying and Selling at Cboe Global Markets

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

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $26,000. NFSG Corp purchased a new position in Cboe Global Markets during the 1st quarter valued at $31,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at $31,000. Finally, Elyxium Wealth LLC bought a new position in Cboe Global Markets in the 4th quarter valued at $33,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 0.8%

CBOE stock opened at $277.11 on Monday. The company has a market cap of $29.39 billion, a price-to-earnings ratio of 142.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50-day moving average is $296.52 and its two-hundred day moving average is $287.91. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the firm earned $2.50 earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) 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.