Cboe Global Markets (NASDAQ:CBOE) Given New $273.00 Price Target at Barclays

Cboe Global Markets (NASDAQ:CBOE) had its price objective hoisted by Barclays from $264.00 to $273.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently commented on CBOE. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a report on Monday. UBS Group reaffirmed a “neutral” rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Loop Capital set a $287.00 price target on shares of Cboe Global Markets in a report on Monday. Finally, Citigroup increased their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Stock Up 0.5%

CBOE stock opened at $246.92 on Monday. The firm’s fifty day simple moving average is $238.29 and its 200-day simple moving average is $234.26. The company has a market capitalization of $25.83 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 12 month low of $187.30 and a 12 month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 EPS. As a group, equities research analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s payout ratio is currently 30.93%.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC acquired a new position in Cboe Global Markets during the first quarter worth $265,000. Capital Investment Advisory Services LLC acquired a new position in Cboe Global Markets during the first quarter worth $277,000. Teacher Retirement System of Texas acquired a new position in Cboe Global Markets during the first quarter worth $3,463,000. Bank of New York Mellon Corp raised its position in Cboe Global Markets by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 584,286 shares of the company’s stock worth $132,218,000 after acquiring an additional 18,619 shares during the period. Finally, D.A. Davidson & CO. raised its position in Cboe Global Markets by 62.5% during the first quarter. D.A. Davidson & CO. now owns 3,433 shares of the company’s stock worth $777,000 after acquiring an additional 1,320 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.