Cboe Global Markets, Inc. (BATS:CBOE) Stock Has Consensus Price Target of $321.91 According to Brokerages

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $330.27.

Several research firms have weighed in on CBOE. Piper Sandler cut their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Loop Capital set a $343.00 price target on Cboe Global Markets in a research note on Wednesday, October 7th. Finally, TD Cowen increased their price target on shares of Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research report on Monday, October 12th.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $324.68 on Wednesday. The firm has a fifty day moving average of $292.52 and a two-hundred day moving average of $290.94. The stock has a market capitalization of $34.44 billion, a price-to-earnings ratio of 167.36 and a beta of 0.61. Cboe Global Markets has a 52 week low of $227.15 and a 52 week high of $371.18. 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 posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the company earned $2.46 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback plan on Thursday, October 22nd that permits the company to repurchase $550 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.6% of its shares through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.86 per share. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling

In other news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. BOKF NA boosted its holdings in shares of Cboe Global Markets by 1.6% during the third quarter. BOKF NA now owns 5,713 shares of the company’s stock worth $1,573,000 after acquiring an additional 91 shares during the period. Motley Fool Asset Management LLC grew its position in shares of Cboe Global Markets by 47.6% in the third quarter. Motley Fool Asset Management LLC now owns 2,820 shares of the company’s stock valued at $776,000 after purchasing an additional 909 shares during the last quarter. North Dakota State Investment Board increased its stake in shares of Cboe Global Markets by 3.0% during the third quarter. North Dakota State Investment Board now owns 3,209 shares of the company’s stock worth $883,000 after purchasing an additional 94 shares during the period. VestGen Advisors LLC increased its stake in shares of Cboe Global Markets by 7.1% during the third quarter. VestGen Advisors LLC now owns 1,045 shares of the company’s stock worth $288,000 after purchasing an additional 69 shares during the period. Finally, Generali Asset Management SPA SGR increased its stake in shares of Cboe Global Markets by 6.7% during the third quarter. Generali Asset Management SPA SGR now owns 8,178 shares of the company’s stock worth $2,251,000 after purchasing an additional 516 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

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.