Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, Barclays Analyst Says

Cboe Global Markets (NASDAQ:CBOE) had its price target hoisted by Barclays from $216.00 to $232.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also recently weighed in on CBOE. William Blair assumed coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. Bank of America increased their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. Loop Capital set a $260.00 price objective on shares of Cboe Global Markets in a report on Wednesday, April 2nd. Finally, StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $219.30.

Cboe Global Markets Stock Down 1.1 %

Cboe Global Markets stock opened at $205.81 on Monday. The firm’s fifty day moving average is $212.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets has a 12 month low of $166.13 and a 12 month high of $234.37. The stock has a market cap of $21.55 billion, a PE ratio of 28.51, a P/E/G ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). 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 $2.06 earnings per share. On average, equities research analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s payout ratio is presently 34.90%.

Insider Activity

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in Cboe Global Markets during the 1st quarter worth approximately $27,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at $29,000. Kestra Investment Management LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at $36,000. 82.67% of the stock is owned by institutional investors.

About Cboe Global Markets

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.