Cboe Global Markets (BATS:CBOE) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Cboe Global Markets (BATS:CBOE) in a research note released on Friday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $301.00 price objective on the stock.

Several other brokerages have also weighed in on CBOE. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Barclays upped their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Loop Capital set a $300.00 price target on Cboe Global Markets in a research report on Friday. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $306.73.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $271.26 on Friday. The stock has a market capitalization of $28.77 billion, a P/E ratio of 139.83 and a beta of 0.61. Cboe Global Markets has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $287.96 and a two-hundred day moving average price of $292.55.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. Equities analysts predict 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 was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.3%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Hedge funds have recently added to or reduced their stakes in the business. CX Institutional boosted its stake in Cboe Global Markets by 455.0% in the 3rd quarter. CX Institutional now owns 24,725 shares of the company’s stock worth $6,457,000 after buying an additional 20,270 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Cboe Global Markets by 634.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,002 shares of the company’s stock valued at $826,000 after acquiring an additional 2,593 shares during the last quarter. Montecito Bank & Trust acquired a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $202,000. Parrish Capital LLC lifted its holdings in shares of Cboe Global Markets by 4.9% during the 3rd quarter. Parrish Capital LLC now owns 4,920 shares of the company’s stock worth $1,354,000 after acquiring an additional 230 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Cboe Global Markets by 269.2% during the 2nd quarter. QRG Capital Management Inc. now owns 75,193 shares of the company’s stock worth $18,247,000 after acquiring an additional 54,826 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Cboe Global Markets

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.