Cboe Global Markets, Inc. (BATS:CBOE) Receives $315.30 Average Target Price from Brokerages

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $315.30.

Several research firms recently issued reports on CBOE. Barclays increased their target price on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Piper Sandler dropped their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, TD Cowen increased their price objective on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd.

Cboe Global Markets Trading Up 0.7%

Shares of Cboe Global Markets stock opened at $293.08 on Friday. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. 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 company has a market capitalization of $31.08 billion, a P/E ratio of 151.07 and a beta of 0.61. The company has a fifty day moving average of $274.29 and a 200 day moving average of $291.73.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period last year, the firm earned $2.46 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 insiders.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of CBOE. Sound Income Strategies LLC increased its position in 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 acquiring an additional 46 shares during the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in shares of Cboe Global Markets in the second quarter valued at $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $26,000. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $27,000. Finally, NFSG Corp purchased a new position in shares of Cboe Global Markets during the 1st quarter worth about $31,000. 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.