Cboe Global Markets (BATS:CBOE) Upgraded at Argus

Argus upgraded shares of Cboe Global Markets (BATS:CBOE) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also issued reports on CBOE. Piper Sandler raised their price target on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. UBS Group reaffirmed a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Morgan Stanley increased their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $289.90 on Wednesday. The firm’s fifty day simple moving average is $277.70 and its 200-day simple moving average is $256.80. Cboe Global Markets has a 12 month low of $200.88 and a 12 month high of $305.68. The stock has a market capitalization of $30.75 billion, a price-to-earnings ratio of 149.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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 net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $659.59 million. As a group, equities analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.72 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the business’s 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 transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC grew its stake in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $26,000. Physician Wealth Advisors Inc. boosted its holdings in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Cboe Global Markets during the fourth quarter worth about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Cboe Global Markets during the second quarter worth about $33,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.