Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Average Recommendation of “Hold” from Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $279.00.

Several research analysts recently commented on the company. Piper Sandler increased their price target on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. UBS Group reiterated a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Citigroup upped their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $270.60 on Friday. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 1.75 and a beta of 0.36. Cboe Global Markets has a 12 month low of $200.88 and a 12 month high of $283.13. The firm has a fifty day simple moving average of $261.31 and a 200 day simple moving average of $250.42. 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 posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 earnings per share. Research analysts forecast that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio is currently 27.64%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its holdings in Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $33,000. Physician Wealth Advisors Inc. boosted 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 buying an additional 55 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at about $33,000. 82.67% of the stock is 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.