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

Cboe Global Markets, Inc. (BATS:CBOE) has received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $315.30.

Several brokerages have recently issued reports on CBOE. Piper Sandler reduced their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Barclays raised their price target on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen increased their target price 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. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a research note on Friday, July 10th.

Cboe Global Markets Trading Up 1.5%

Shares of BATS:CBOE opened at $298.50 on Tuesday. The company has a market cap of $31.66 billion, a PE ratio of 153.87 and a beta of 0.61. The company’s 50-day moving average price is $283.25 and its 200 day moving average price is $294.95. 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 quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.86 per share. 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. This represents a $3.44 annualized dividend and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after acquiring an additional 33 shares during the last quarter. SHUTTLEWORTH & Co boosted its holdings 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 buying an additional 41 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings 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 buying an additional 41 shares in the last quarter. Centaurus Financial Inc. grew its position in Cboe Global Markets by 1.0% in the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after buying an additional 42 shares during the last quarter. Finally, Norinchukin Bank The grew its position in Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after buying an additional 42 shares during the last quarter. 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.