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

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have earned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $243.3846.

A number of research analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of Cboe Global Markets in a research report on Monday, November 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. UBS Group increased their target price on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Citigroup raised their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd.

Institutional Trading of Cboe Global Markets

Several institutional investors have recently modified their holdings of CBOE. JPMorgan Chase & Co. grew its holdings in Cboe Global Markets by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 357,333 shares of the company’s stock worth $87,642,000 after acquiring an additional 61,892 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Cboe Global Markets by 1.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 11,411 shares of the company’s stock worth $2,799,000 after purchasing an additional 139 shares during the last quarter. Prana Capital Management LP acquired a new position in shares of Cboe Global Markets in the 3rd quarter worth approximately $640,000. CIBC Bancorp USA Inc. bought a new stake in shares of Cboe Global Markets in the 3rd quarter worth approximately $3,540,000. Finally, Achmea Investment Management B.V. lifted its stake in Cboe Global Markets by 5.5% during the third quarter. Achmea Investment Management B.V. now owns 9,970 shares of the company’s stock valued at $2,445,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $258.17 on Friday. The company has a 50-day moving average price of $246.44 and a two-hundred day moving average price of $238.85. Cboe Global Markets has a 52 week low of $187.30 and a 52 week high of $262.98. The stock has a market cap of $27.02 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. 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 (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the prior year, the firm earned $2.22 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Analysts forecast that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date of this dividend is Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.93%.

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.