Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Recommendation of “Hold” from Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE) has been given an average rating of “Hold” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $218.80.

CBOE has been the subject of several research analyst reports. William Blair assumed coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating for the company. Jefferies Financial Group dropped their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a report on Monday, January 6th. Finally, Bank of America reiterated a “neutral” rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value 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 $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares during the last quarter. Norges Bank bought a new stake in shares of Cboe Global Markets during the 4th quarter worth about $269,524,000. GAMMA Investing LLC grew its stake in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company’s stock valued at $275,290,000 after buying an additional 1,212,368 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cboe Global Markets in the 4th quarter valued at about $59,206,000. Finally, First Trust Advisors LP lifted its position in Cboe Global Markets by 756.0% during 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. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $211.42 on Friday. The firm has a 50 day simple moving average of $213.88. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $234.37. The company has a market capitalization of $22.14 billion, a PE ratio of 29.28, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last posted 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business earned $2.06 earnings per share. As a group, sell-side analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

About Cboe Global Markets

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.