Cboe Global Markets (BATS:CBOE) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Cboe Global Markets (BATS:CBOE) in a research report report published on Wednesday morning, MarketBeat reports. The brokerage issued a market perform rating and a $300.00 target price on the stock.

CBOE has been the subject of a number of other reports. Loop Capital set a $317.00 price objective on Cboe Global Markets in a research report on Monday, February 9th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Piper Sandler increased their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $284.91.

Cboe Global Markets Stock Up 0.4%

Cboe Global Markets stock opened at $296.95 on Wednesday. Cboe Global Markets has a twelve month low of $200.88 and a twelve month high of $305.68. The stock has a 50 day moving average of $284.66 and a two-hundred day moving average of $263.35. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $31.50 billion, a price-to-earnings ratio of 153.07 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $659.59 million. As a group, research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. This represents a 37.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the transaction, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,695 shares of company stock valued at $1,628,981. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in shares of Cboe Global Markets by 1.7% during the 4th quarter. Hsbc Holdings PLC now owns 288,580 shares of the company’s stock worth $72,700,000 after buying an additional 4,744 shares in the last quarter. World Investment Advisors increased its stake in Cboe Global Markets by 49.3% in the 4th quarter. World Investment Advisors now owns 2,078 shares of the company’s stock valued at $522,000 after purchasing an additional 686 shares in the last quarter. Corient Private Wealth LLC increased its stake in Cboe Global Markets by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 82,616 shares of the company’s stock valued at $20,739,000 after purchasing an additional 2,575 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Cboe Global Markets by 10.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,182 shares of the company’s stock valued at $549,000 after purchasing an additional 208 shares in the last quarter. Finally, DGS Capital Management LLC increased its stake in Cboe Global Markets by 28.8% in the 4th quarter. DGS Capital Management LLC now owns 1,193 shares of the company’s stock valued at $299,000 after purchasing an additional 267 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.