Cboe Global Markets, Inc. (BATS:CBOE) Stock Has Consensus Price Target of $315.30

Cboe Global Markets, Inc. (BATS:CBOE) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $315.30.

Several equities analysts recently weighed in on CBOE shares. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Barclays upped their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Piper Sandler decreased their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th.

Cboe Global Markets Stock Performance

CBOE opened at $253.26 on Friday. The business’s 50-day simple moving average is $288.77 and its 200 day simple moving average is $293.05. Cboe Global Markets has a 52-week low of $227.15 and a 52-week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $26.86 billion, a PE ratio of 130.55 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period last year, the company earned $2.46 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.86 per share. The ex-dividend date was Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.4%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Cboe Global Markets during the second quarter worth $25,000. Keating Financial Advisory Services Inc. bought a new position in shares of Cboe Global Markets in the second quarter valued at about $26,000. NFSG Corp acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth about $31,000. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $27,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth about $36,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.