Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Recommendation of “Hold” from Brokerages

Cboe Global Markets, Inc. (NASDAQ:CBOE) has received an average rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $268.3636.

CBOE has been the topic of several analyst reports. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Citigroup raised their target price on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Piper Sandler boosted their price target on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. UBS Group increased their price target on Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its position 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 worth $25,000 after purchasing an additional 46 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in Cboe Global Markets during the second quarter valued at approximately $26,000. Physician Wealth Advisors Inc. lifted its holdings in Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $33,000. Finally, Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $31,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $276.39 on Monday. The stock’s 50 day moving average price is $257.38 and its 200 day moving average price is $247.28. The firm has a market capitalization of $28.92 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets has a one year low of $198.76 and a one year high of $278.50.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the business earned $2.22 earnings per share. Cboe Global Markets’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s payout ratio is 30.93%.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.