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

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $187.36.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a report on Thursday, April 4th. Citigroup raised their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Oppenheimer boosted their price objective on shares of Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Barclays boosted their price objective on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $176.63 on Wednesday. The firm’s 50 day moving average is $184.69 and its 200-day moving average is $178.08. The stock has a market capitalization of $18.73 billion, a P/E ratio of 91.05 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets has a 12-month low of $103.82 and a 12-month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 million. During the same period last year, the company posted $1.80 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Cboe Global Markets by 125.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock valued at $1,592,000 after purchasing an additional 4,824 shares during the last quarter. SMI Advisory Services LLC bought a new stake in Cboe Global Markets in the 1st quarter valued at $3,839,000. Sunbelt Securities Inc. increased its holdings in Cboe Global Markets by 165.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,587 shares of the company’s stock valued at $292,000 after buying an additional 989 shares during the period. Riverview Trust Co bought a new stake in Cboe Global Markets in the 1st quarter valued at $44,000. Finally, Global Assets Advisory LLC bought a new stake in Cboe Global Markets in the 1st quarter valued at $16,209,000. 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.