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

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $206.86.

A number of research firms have issued reports on CBOE. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Oppenheimer decreased their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Barclays raised their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, William Blair began coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating for the company.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds have recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $158,000. Benjamin Edwards Inc. lifted its stake in shares of Cboe Global Markets by 5,967.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after acquiring an additional 29,778 shares during the last quarter. Coastwise Capital Group LLC bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $216,000. Finally, Harmony Asset Management LLC bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $15,175,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $213.00 on Friday. The business’s fifty day simple moving average is $202.38. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.30 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Research analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio is 34.90%.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.