Cboe Global Markets (BATS:CBOE) Stock Lifted to Strong-Buy by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Cboe Global Markets (BATS:CBOE) from a hold rating to a strong-buy rating in a report released on Monday,Zacks reports.

Several other equities analysts also recently weighed in on CBOE. Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 7th. Barclays lowered their price target on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Piper Sandler lowered their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $258.00 to $358.00 in a research note on Friday, October 9th. Finally, TD Cowen lifted their price objective on Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $321.18.

Cboe Global Markets Stock Down 1.7%

Cboe Global Markets stock opened at $292.25 on Monday. 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 $31.00 billion, a price-to-earnings ratio of 150.65 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. The stock’s fifty day moving average is $286.72 and its two-hundred day moving average is $292.81.

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

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $0.86 per share. The ex-dividend date of this dividend 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 dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction 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. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets in the second quarter valued at approximately $27,000. NFSG Corp purchased a new position in Cboe Global Markets in the first quarter valued at approximately $31,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Cboe Global Markets by 11,300.0% in the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

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.