Cboe Global Markets, Inc. (BATS:CBOE – Get Free Report) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $310.70.
CBOE has been the subject of several recent analyst reports. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Finally, Barclays upped their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th.
View Our Latest Report on Cboe Global Markets
Cboe Global Markets Trading Down 3.0%
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the prior year, the company posted $2.50 earnings per share. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.
Insiders Place Their Bets
In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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.
Institutional Investors Weigh In On Cboe Global Markets
Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Cboe Global Markets by 11.7% in the first quarter. Parallel Advisors LLC now owns 2,757 shares of the company’s stock worth $775,000 after acquiring an additional 288 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $5,295,000. BankChampaign National Association bought a new position in shares of Cboe Global Markets in the first quarter worth about $398,000. SHUTTLEWORTH & Co lifted its holdings in shares of Cboe Global Markets by 0.8% in the first quarter. SHUTTLEWORTH & Co now owns 8,405 shares of the company’s stock worth $2,362,000 after acquiring an additional 66 shares during the last quarter. Finally, Norris Financial Group LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $2,735,000. Institutional investors own 81.73% of the company’s stock.
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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