Cboe Global Markets, Inc. (BATS:CBOE) Receives $315.30 Average Target Price from Brokerages

Cboe Global Markets, Inc. (BATS:CBOE) has been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $315.30.

A number of equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 3rd. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $298.38 on Tuesday. 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 stock has a fifty day moving average of $285.71 and a two-hundred day moving average of $295.22. The company has a market capitalization of $31.65 billion, a price-to-earnings ratio of 153.80 and a beta of 0.61. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 EPS. On average, analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.86 dividend. 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Parkside Financial Bank & Trust grew its holdings in Cboe Global Markets by 475.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,733 shares of the company’s stock valued at $421,000 after purchasing an additional 1,432 shares during the period. Brown Lisle Cummings Inc. increased its position in Cboe Global Markets by 2,603.2% during the second quarter. Brown Lisle Cummings Inc. now owns 1,676 shares of the company’s stock worth $407,000 after purchasing an additional 1,614 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Cboe Global Markets during the second quarter worth approximately $78,857,000. CYBER HORNET ETFs LLC raised its stake in Cboe Global Markets by 1,412.5% during the second quarter. CYBER HORNET ETFs LLC now owns 4,356 shares of the company’s stock worth $1,057,000 after purchasing an additional 4,068 shares during the period. Finally, California State Teachers Retirement System raised its stake in Cboe Global Markets by 24,398.6% during the second quarter. California State Teachers Retirement System now owns 43,712,632 shares of the company’s stock worth $10,607,744,000 after purchasing an additional 43,534,203 shares during the period. Institutional investors and hedge funds 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.