Cboe Global Markets (NASDAQ:CBOE) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday. Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup lifted their price target on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an “outperform” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $243.38.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $252.75 on Wednesday. The firm has a market capitalization of $26.45 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. 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 has a 12 month low of $187.30 and a 12 month high of $255.27. The business’s 50-day moving average price is $239.06 and its 200-day moving average price is $234.74.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $2.22 earnings per share. Sell-side analysts forecast that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio is currently 30.93%.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. Missouri Trust & Investment Co bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $26,000. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the first quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets in the first quarter worth about $29,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $33,000. Institutional investors own 82.67% of the company’s stock.

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.