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

Cboe Global Markets, Inc. (BATS:CBOE) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $314.00.

CBOE has been the subject of several analyst reports. UBS Group upped their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Piper Sandler dropped their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays dropped their price objective on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, TD Cowen increased their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets 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 transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of Cboe Global Markets by 102.2% in 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. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth about $26,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets during the 1st quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $273.41 on Monday. Cboe Global Markets has a 1 year low of $227.15 and a 1 year high of $371.18. The company’s 50 day simple moving average is $293.80 and its 200 day simple moving average is $287.97. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 140.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

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

Cboe Global Markets Announces Dividend

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

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.