Brokerages Set Cboe Global Markets, Inc. (NASDAQ:CBOE) Price Target at $231.38

Cboe Global Markets, Inc. (NASDAQ:CBOE) has been assigned a consensus recommendation of “Reduce” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $231.3846.

A number of analysts have weighed in on the company. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an “underweight” rating in a research report on Tuesday, July 15th. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an “outperform” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a report on Monday, August 4th. UBS Group reissued a “neutral” rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Piper Sandler increased their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, August 4th.

Cboe Global Markets Trading Down 1.1%

Shares of Cboe Global Markets stock opened at $246.43 on Friday. Cboe Global Markets has a 52-week low of $187.30 and a 52-week high of $255.27. The firm has a market capitalization of $25.77 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company’s fifty day moving average price is $238.77 and its two-hundred day moving average price is $225.10.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 earnings per share. On average, analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio is 33.76%.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the stock. IHT Wealth Management LLC increased its holdings in shares of Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after purchasing an additional 44 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Cboe Global Markets by 3.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after purchasing an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Cboe Global Markets by 3.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after purchasing an additional 46 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Cboe Global Markets by 0.9% in the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock valued at $1,265,000 after purchasing an additional 48 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Cboe Global Markets by 1.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company’s stock worth $874,000 after buying an additional 48 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.