Cboe Global Markets, Inc. (BATS:CBOE) Stock Has Average Price Target of $315.30 According to Analysts

Cboe Global Markets, Inc. (BATS:CBOE) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $315.30.

A number of brokerages have recently commented on CBOE. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. TD Cowen increased their target price on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Barclays raised their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th.

Cboe Global Markets News Summary

Here are the key news stories impacting Cboe Global Markets this week:

• Positive Sentiment: Long-term S&P 500 licensing visibility: Cboe and S&P Dow Jones Indices extended their exclusive licensing agreement through 2051. The unusually long renewal provides continuity for Cboe’s S&P 500-related derivatives and index products and reduces a major source of long-term licensing uncertainty. Cboe, S&P Dow Jones Indices Extend Exclusive Licensing Agreement By 25 years
• Positive Sentiment: Potential financial benefits from the renewal: Cboe provided additional details on the anticipated financial impact of the extended S&P DJI agreement, helping investors assess the value and earnings durability of the deal. Cboe Provides Additional Details Relating to Anticipated Financial Impacts
• Positive Sentiment: Expansion into prediction markets: Cboe plans to launch KPI binary contracts with Robinhood as its retail distribution partner. Robinhood is expected to become the first broker to offer Cboe earnings-linked prediction markets, potentially broadening retail participation and creating a new trading-volume opportunity. Cboe and Robinhood Announce Planned Launch of New KPI Contracts
• Neutral Sentiment: Digital-assets optionality: The S&P DJI agreement could eventually support tokenized options and other blockchain-based derivatives. This expands Cboe’s strategic opportunity set, but commercialization, regulatory approval and revenue timing remain uncertain. Cboe and S&P Dow Jones Extend Deal
• Negative Sentiment: Near-term valuation and earnings risk: A Zacks analysis said CBOE’s recent advance occurred on elevated volume but warned that the latest earnings-estimate revisions may not support continued gains. The company’s high valuation makes future estimate changes particularly important. CBOE Surges: Is This an Indication of Further Gains?

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds have recently made changes to their positions in CBOE. Emerald Investment Advisers LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at about $3,686,000. Danske Bank A S acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $658,000. Pacer Advisors Inc. increased its position in Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Cboe Global Markets in the first quarter valued at approximately $3,831,000. Finally, Gator Capital Management LLC purchased a new position in Cboe Global Markets in the fourth quarter valued at approximately $2,380,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 5.2%

Shares of BATS CBOE opened at $275.29 on Friday. Cboe Global Markets has a 1 year low of $227.15 and a 1 year high of $371.18. The firm’s 50 day moving average price is $288.39 and its 200 day moving average price is $292.79. The firm has a market cap of $29.20 billion, a P/E ratio of 141.90 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 issued its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating 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 company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the previous year, the firm posted $2.46 EPS. Cboe Global Markets’s revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.86 dividend. The ex-dividend date was Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is presently 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.