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

Cboe Global Markets, Inc. (BATS:CBOE) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $208.75.

A number of brokerages recently issued reports on CBOE. TD Cowen assumed coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research report on Friday, October 4th. Piper Sandler increased their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays lifted their price target on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, October 7th.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,296 shares of company stock worth $1,713,098. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in Cboe Global Markets by 306.6% during the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after acquiring an additional 402,547 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. Raymond James & Associates grew its stake in Cboe Global Markets by 311.3% in the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after purchasing an additional 175,159 shares in the last quarter. TD Asset Management Inc grew its stake in Cboe Global Markets by 36.2% in the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Cboe Global Markets by 1,044.9% in the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after buying an additional 109,220 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 1.7 %

Shares of CBOE opened at $210.00 on Friday. 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 1-year low of $103.82 and a 1-year high of $139.00. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 108.25 and a beta of 0.61. The firm has a 50 day simple moving average of $209.64 and a 200-day simple moving average of $191.46.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the business posted $2.06 earnings per share. Cboe Global Markets’s revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has initiated a stock repurchase program on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. Cboe Global Markets’s dividend payout ratio (DPR) is 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.