TD Cowen Issues Positive Forecast for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE) had its price target hoisted by TD Cowen from $274.00 to $281.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on the company. UBS Group lifted their target price on Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Loop Capital set a $281.00 price objective on shares of Cboe Global Markets in a research report on Wednesday. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Trading Up 0.8%

CBOE opened at $268.81 on Wednesday. The stock has a market capitalization of $28.13 billion, a P/E ratio of 37.23, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $268.86. The firm’s fifty day simple moving average is $255.20 and its 200 day simple moving average is $245.36. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 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 posted $2.22 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, research analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 30.93%.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the company. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets during the second quarter worth approximately $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the 2nd quarter valued at $31,000. Finally, Ameriflex Group Inc. lifted its holdings in Cboe Global Markets by 97.4% during the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.