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

Cboe Global Markets, Inc. (BATS:CBOE) has been given an average rating of “Hold” by the twelve analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $209.42.

A number of research analysts recently commented on the company. TD Cowen initiated coverage on Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Piper Sandler lifted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer increased their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their target price for the stock from $212.00 to $222.00 in a research report on Monday, November 11th.

Cboe Global Markets Trading Down 1.1 %

CBOE opened at $191.61 on Monday. The firm’s 50 day moving average is $207.19 and its 200-day moving average is $197.63. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $20.32 billion, a P/E ratio of 98.77 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 EPS. Analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.63 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.32%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. State of Michigan Retirement System lifted its position in Cboe Global Markets by 5.9% in the 2nd quarter. State of Michigan Retirement System now owns 30,603 shares of the company’s stock valued at $5,204,000 after purchasing an additional 1,700 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Cboe Global Markets by 7.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 411,845 shares of the company’s stock valued at $70,038,000 after buying an additional 29,168 shares during the last quarter. Significant Wealth Partners LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth approximately $202,000. HB Wealth Management LLC grew its holdings in Cboe Global Markets by 89.9% in the 2nd quarter. HB Wealth Management LLC now owns 3,180 shares of the company’s stock worth $541,000 after buying an additional 1,505 shares in the last quarter. Finally, Burney Co. increased its position in Cboe Global Markets by 59.9% in the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after acquiring an additional 2,102 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.