Analysts Set Cboe Global Markets, Inc. (BATS:CBOE) PT at $322.60

Cboe Global Markets, Inc. (BATS:CBOE) has been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $310.70.

Several brokerages have weighed in on CBOE. Loop Capital set a $263.00 price objective on Cboe Global Markets in a research report on Monday. UBS Group boosted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Piper Sandler boosted their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th.

Cboe Global Markets Stock Up 2.8%

Shares of CBOE opened at $255.98 on Thursday. The firm has a market cap of $27.15 billion, a P/E ratio of 131.95 and a beta of 0.61. The stock has a 50 day simple moving average of $313.84 and a two-hundred day simple moving average of $287.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets has a 1 year low of $223.54 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 earnings per share. On average, analysts forecast that Cboe Global Markets will post 6.41 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 Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.1%. Cboe Global Markets’s payout ratio is presently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of CBOE. Parallel Advisors LLC raised its holdings in shares of Cboe Global Markets by 11.7% during the first quarter. Parallel Advisors LLC now owns 2,757 shares of the company’s stock valued at $775,000 after acquiring an additional 288 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at approximately $5,295,000. BankChampaign National Association bought a new position in shares of Cboe Global Markets during the first quarter valued at approximately $398,000. SHUTTLEWORTH & Co raised its holdings in shares of Cboe Global Markets by 0.8% during the first quarter. SHUTTLEWORTH & Co now owns 8,405 shares of the company’s stock valued at $2,362,000 after acquiring an additional 66 shares in the last quarter. Finally, Norris Financial Group LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at approximately $2,735,000. Institutional investors own 81.73% of the company’s stock.

About Cboe Global Markets

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.