Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Average Rating of “Hold” by Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $206.86.

Several brokerages have commented on CBOE. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research report on Monday, January 6th. Finally, Oppenheimer decreased their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $212.96 on Tuesday. Cboe Global Markets has a 12 month low of $166.13 and a 12 month high of $223.51. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.75 and a beta of 0.67. The company’s 50 day moving average is $207.77. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm earned $2.06 EPS. Sell-side analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm’s 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 directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Cboe Global Markets

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in Cboe Global Markets by 208.4% in the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after buying an additional 5,193,339 shares during the period. Norges Bank purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at $269,524,000. Raymond James Financial Inc. acquired a new position in shares of Cboe Global Markets in the fourth quarter worth $59,206,000. First Trust Advisors LP increased its stake in shares of Cboe Global Markets by 756.0% in the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock worth $58,317,000 after acquiring an additional 263,585 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Cboe Global Markets by 108.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company’s stock worth $3,498,000 after acquiring an additional 234,199 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.