Cboe Global Markets, Inc. (BATS:CBOE) Given Consensus Rating of “Hold” by Brokerages

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $314.00.

A number of brokerages have weighed in on CBOE. Piper Sandler lowered their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday. Loop Capital set a $347.00 target price on Cboe Global Markets in a research report on Thursday, July 9th. UBS Group upped their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing 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 added to or reduced their stakes in CBOE. Brighton Jones LLC grew its position in shares of Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after acquiring an additional 3,987 shares during the period. Empowered Funds LLC lifted its holdings in shares of Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Cboe Global Markets by 40.7% during the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after acquiring an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $273.41 on Monday. The firm has a 50-day moving average of $293.80 and a two-hundred day moving average of $288.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $29.00 billion, a P/E ratio of 140.93 and a beta of 0.61. Cboe Global Markets has a 1-year low of $227.15 and a 1-year high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period in the previous year, the company earned $2.50 earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) 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.