Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives $223.36 Consensus Target Price from Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE) has received an average rating of “Reduce” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $219.64.

CBOE has been the topic of a number of recent research reports. Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Morgan Stanley downgraded Cboe Global Markets from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $256.00 to $215.00 in a report on Wednesday. Piper Sandler increased their target price on Cboe Global Markets from $234.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Finally, Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Cboe Global Markets by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company’s stock valued at $2,467,700,000 after acquiring an additional 56,233 shares in the last quarter. Alliancebernstein L.P. raised its position in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Cboe Global Markets by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after buying an additional 54,054 shares during the period. Geode Capital Management LLC raised its holdings in shares of Cboe Global Markets by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock valued at $535,994,000 after buying an additional 44,291 shares during the period. Finally, FMR LLC grew its stake in Cboe Global Markets by 2.5% during the 4th quarter. FMR LLC now owns 1,571,980 shares of the company’s stock worth $307,165,000 after purchasing an additional 38,587 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $220.95 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets has a one year low of $166.13 and a one year high of $236.02. The stock has a market capitalization of $23.14 billion, a PE ratio of 30.60, a PEG ratio of 1.75 and a beta of 0.44. The firm’s fifty day simple moving average is $217.91.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the previous year, the firm earned $2.15 EPS. Cboe Global Markets’s revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 33.03%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.