Cboe Global Markets, Inc. (BATS:CBOE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cboe Global Markets, Inc. (BATS:CBOEGet Rating) have earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $143.00.

A number of equities analysts recently commented on the company. Credit Suisse Group decreased their target price on Cboe Global Markets from $146.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday, August 1st. Morgan Stanley raised Cboe Global Markets to an “overweight” rating and raised their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft raised their target price on Cboe Global Markets from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Rosenblatt Securities assumed coverage on Cboe Global Markets in a report on Wednesday, August 17th. They issued a “buy” rating and a $153.00 target price on the stock. Finally, TheStreet cut Cboe Global Markets from a “b+” rating to a “c+” rating in a report on Friday, July 29th.

Cboe Global Markets Stock Performance

CBOE stock opened at $120.64 on Tuesday. The company has a market cap of $12.80 billion, a P/E ratio of 62.19 and a beta of 0.61. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00. 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’s fifty day moving average price is $120.57 and its 200-day moving average price is $117.09.

Cboe Global Markets (BATS:CBOEGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.02). The firm had revenue of $424.10 million during the quarter, compared to analysts’ expectations of $422.56 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. During the same quarter last year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis. On average, equities analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.59%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 1,182 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $124.28, for a total value of $146,898.96. Following the sale, the executive vice president now directly owns 3,470 shares of the company’s stock, valued at $431,251.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently made changes to their positions in the company. Clear Street Markets LLC increased its holdings in shares of Cboe Global Markets by 406.8% in the second quarter. Clear Street Markets LLC now owns 223 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the last quarter. CX Institutional bought a new stake in shares of Cboe Global Markets in the second quarter worth about $30,000. SeaCrest Wealth Management LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth about $34,000. Prospera Financial Services Inc bought a new stake in shares of Cboe Global Markets in the first quarter worth about $43,000. Finally, Farmers & Merchants Investments Inc. grew its position in Cboe Global Markets by 645.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 410 shares of the company’s stock worth $47,000 after acquiring an additional 355 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Company Profile

(Get Rating)

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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Analyst Recommendations for Cboe Global Markets (BATS:CBOE)

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