Cboe Global Markets, Inc. (BATS:CBOE – Get Free Report) has earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $322.60.
Several research firms have weighed in on CBOE. Piper Sandler raised their price target on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday. UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th.
Read Our Latest Stock Analysis on Cboe Global Markets
Cboe Global Markets Stock Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the company posted $2.50 EPS. The company’s revenue was up 29.0% on a year-over-year basis. As a group, research analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.
Cboe Global Markets Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.
Insider Transactions at Cboe Global Markets
In other news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director owned 4,761 shares in the company, valued at $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,695 shares of company stock worth $1,628,981 over the last quarter. 0.51% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Cboe Global Markets
A number of institutional investors have recently bought and sold shares of the stock. Caprock Group LLC purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at $4,156,000. Andra AP fonden boosted its position in Cboe Global Markets by 7.9% during the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares during the period. Nordea Investment Management AB increased its holdings in Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after purchasing an additional 237,887 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Cboe Global Markets by 557.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after purchasing an additional 31,919 shares in the last quarter. Finally, Vest Financial LLC raised its position in Cboe Global Markets by 25.7% in the third quarter. Vest Financial LLC now owns 24,929 shares of the company’s stock valued at $6,114,000 after purchasing an additional 5,100 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
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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