Brokerages Set Cboe Global Markets, Inc. (NASDAQ:CBOE) PT at $222.58

Cboe Global Markets, Inc. (NASDAQ:CBOE) has earned an average rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $222.58.

A number of equities analysts have weighed in on the company. UBS Group boosted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Bank of America reissued a “neutral” rating and set a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Citigroup boosted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the company an “underweight” rating in a research report on Tuesday, July 15th. Finally, Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Monday, May 5th.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in shares of 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 buying an additional 1,779,048 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock worth $920,827,000 after purchasing an additional 54,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock worth $535,994,000 after purchasing an additional 44,291 shares during the last quarter. FMR LLC lifted its stake in Cboe Global Markets by 2.5% during the fourth 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 during the last quarter. Finally, Norges Bank bought a new stake in Cboe Global Markets during the fourth quarter worth $269,524,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $241.38 on Monday. The business’s 50 day moving average price is $231.12 and its two-hundred day moving average price is $219.07. The company has a market cap of $25.28 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a twelve month low of $181.32 and a twelve month high of $248.79.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. On average, analysts predict that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.03%.

About Cboe Global Markets

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.