Shares of Cboe Global Markets, Inc. (BATS:CBOE – Get Free Report) have received a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $330.27.
Several research firms have recently weighed in on CBOE. Wells Fargo & Company lifted their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Morgan Stanley reiterated an “overweight” rating and issued a $450.00 target price on shares of Cboe Global Markets in a report on Friday. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Piper Sandler lowered their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th.
Get Our Latest Report on Cboe Global Markets
Insider Buying and Selling at Cboe Global Markets
In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Cboe Global Markets
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets in the second quarter worth $2,474,799,000. Deutsche Bank AG purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $491,465,000. Jupiter Topco LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after acquiring an additional 51,784 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Cboe Global Markets by 2.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock worth $236,512,000 after buying an additional 17,321 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Cboe Global Markets Trading Up 3.9%
CBOE opened at $340.42 on Wednesday. Cboe Global Markets has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $291.19 and a 200-day moving average of $294.65. The stock has a market cap of $36.11 billion, a PE ratio of 175.48 and a beta of 0.61.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 earnings per share. On average, sell-side analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.
Cboe Global Markets declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 22nd that authorizes the company to buy back $550.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.6% of its shares through open market purchases. Stock buyback plans are often a sign that the company’s board believes its stock is undervalued.
Cboe Global Markets Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s payout ratio is 98.97%.
Cboe Global Markets Company Profile
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.
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