Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives $279.00 Consensus Target Price from Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $279.00.

A number of analysts have recently weighed in on the stock. Loop Capital set a $317.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Citigroup upped their price target on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Barclays raised their target price on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC increased its holdings in Cboe Global Markets by 102.2% during the 4th 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 period. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $33,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in Cboe Global Markets during the 4th quarter worth approximately $33,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Up 1.7%

CBOE opened at $275.11 on Friday. The company has a market cap of $28.79 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Cboe Global Markets has a 12 month low of $200.88 and a 12 month high of $283.13. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $261.76 and a 200 day moving average of $250.80.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.10 EPS. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio is presently 27.64%.

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.