Cboe Global Markets (NASDAQ:CBOE) Upgraded at StockNews.com

StockNews.com upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods lowered their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group decreased their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. Oppenheimer decreased their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Bank of America raised their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Barclays raised their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Performance

CBOE stock opened at $208.91 on Thursday. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. The firm has a 50-day moving average price of $199.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market capitalization of $21.87 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.73 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the company posted $2.06 earnings per share. Equities analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Buying and Selling

In related news, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after buying an additional 24,177 shares in the last quarter. Oak Harvest Investment Services purchased a new position in Cboe Global Markets during the 4th quarter valued at approximately $977,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cboe Global Markets by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after buying an additional 6,943 shares in the last quarter. Brentview Investment Management LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at approximately $3,278,000. Finally, Triasima Portfolio Management inc. purchased a new position in Cboe Global Markets during the 4th quarter valued at approximately $1,196,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

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.