Analysts Set Cboe Global Markets, Inc. (BATS:CBOE) Price Target at $187.36

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $190.18.

CBOE has been the topic of several research reports. Rosenblatt Securities upped their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Morgan Stanley reiterated an “equal weight” rating and set a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Barclays upped their price objective on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup upped their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Finally, Oppenheimer upped their price objective on shares of Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in shares of Cboe Global Markets by 6.7% during the 1st quarter. Venturi Wealth Management LLC now owns 3,323 shares of the company’s stock valued at $611,000 after acquiring an additional 209 shares during the period. Fifth Third Bancorp grew its position in shares of Cboe Global Markets by 96.8% during the 1st quarter. Fifth Third Bancorp now owns 2,667 shares of the company’s stock valued at $490,000 after acquiring an additional 1,312 shares during the period. Summit Trail Advisors LLC bought a new position in shares of Cboe Global Markets during the 1st quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Cboe Global Markets by 8.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,063 shares of the company’s stock valued at $4,237,000 after acquiring an additional 1,824 shares during the period. Finally, Raymond James & Associates grew its position in shares of Cboe Global Markets by 18.9% during the 1st quarter. Raymond James & Associates now owns 60,150 shares of the company’s stock valued at $11,051,000 after acquiring an additional 9,557 shares during the period. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

CBOE stock opened at $178.50 on Wednesday. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 92.01 and a beta of 0.61. 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 has a 12-month low of $103.82 and a 12-month high of $139.00. The company’s fifty day simple moving average is $184.11 and its 200 day simple moving average is $178.78.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter in the previous year, the business earned $1.80 earnings per share. Cboe Global Markets’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s payout ratio is 98.97%.

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.