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

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $199.64.

Several research analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Oppenheimer lifted their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays lifted their target price on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th.

Cboe Global Markets Stock Down 0.1 %

BATS:CBOE opened at $209.62 on Tuesday. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 108.05 and a beta of 0.61. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The stock’s 50 day moving average price is $184.45 and its two-hundred day moving average price is $182.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dave Howson sold 5,073 shares of Cboe Global Markets stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares in the company, valued at approximately $1,455,227.68. The disclosure for this sale can be found here. Insiders sold a total of 16,565 shares of company stock valued at $3,063,663 over the last quarter. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System acquired a new position in Cboe Global Markets during the 4th quarter worth approximately $1,143,000. Daiwa Securities Group Inc. increased its position in Cboe Global Markets by 3.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,249 shares of the company’s stock worth $2,008,000 after purchasing an additional 405 shares in the last quarter. abrdn plc increased its position in Cboe Global Markets by 79.2% during the 4th quarter. abrdn plc now owns 46,493 shares of the company’s stock worth $8,302,000 after purchasing an additional 20,547 shares in the last quarter. Lindbrook Capital LLC increased its position in Cboe Global Markets by 69.5% during the 4th quarter. Lindbrook Capital LLC now owns 383 shares of the company’s stock worth $68,000 after purchasing an additional 157 shares in the last quarter. Finally, Signaturefd LLC increased its position in Cboe Global Markets by 12.0% during the 4th quarter. Signaturefd LLC now owns 1,609 shares of the company’s stock worth $287,000 after purchasing an additional 173 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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.