Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been given an average rating of “Reduce” by the fourteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $235.0769.

A number of brokerages have recently issued reports on CBOE. Royal Bank Of Canada reiterated a “sector perform” rating and set a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Morgan Stanley reiterated an “underweight” rating and set a $221.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 1st. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an “outperform” rating in a report on Monday, August 4th. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Barclays raised their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a research report on Wednesday.

Cboe Global Markets Trading Up 1.6%

NASDAQ:CBOE opened at $244.71 on Friday. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.75 and a beta of 0.44. The firm has a fifty day simple moving average of $241.40 and a two-hundred day simple moving average of $231.38. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $255.27. 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 issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 earnings per share. Analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal 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 given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s payout ratio is 33.76%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the second quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets during the first quarter valued at about $27,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC raised its position in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after acquiring an additional 139 shares during the period. 82.67% of the stock is owned by institutional investors.

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.