Cboe Global Markets (BATS:CBOE) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Cboe Global Markets (BATS:CBOE) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. TD Cowen boosted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Loop Capital set a $347.00 price target on Cboe Global Markets in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $315.60.

Cboe Global Markets Stock Up 1.1%

Cboe Global Markets stock opened at $267.85 on Wednesday. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 138.07 and a beta of 0.61. The company’s 50 day simple moving average is $300.49 and its 200 day simple moving average is $287.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The business’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 insiders.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in shares of Cboe Global Markets during the second quarter worth about $210,000. Chesley Taft & Associates LLC lifted its stake in Cboe Global Markets by 3.1% in the 2nd quarter. Chesley Taft & Associates LLC now owns 29,447 shares of the company’s stock valued at $7,146,000 after acquiring an additional 884 shares in the last quarter. Czech National Bank lifted its stake in Cboe Global Markets by 4.5% in the 2nd quarter. Czech National Bank now owns 29,789 shares of the company’s stock valued at $7,229,000 after acquiring an additional 1,289 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Cboe Global Markets by 113.0% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 15,930 shares of the company’s stock worth $3,866,000 after acquiring an additional 8,450 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Cboe Global Markets by 33.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,995 shares of the company’s stock worth $1,212,000 after acquiring an additional 1,242 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

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.