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

Cboe Global Markets, Inc. (BATS:CBOE) has received an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $211.36.

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer boosted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 4th. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Finally, Barclays cut their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Cboe Global Markets by 9.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,960 shares of the company’s stock valued at $333,000 after acquiring an additional 163 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock valued at $96,367,000 after purchasing an additional 55,876 shares during the period. Moors & Cabot Inc. increased its position in shares of Cboe Global Markets by 2.7% in the second quarter. Moors & Cabot Inc. now owns 5,686 shares of the company’s stock valued at $967,000 after buying an additional 150 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $1,165,000. Finally, Argent Trust Co raised its stake in shares of Cboe Global Markets by 2.9% during the 2nd quarter. Argent Trust Co now owns 5,216 shares of the company’s stock worth $887,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $194.15 on Friday. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. 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 company has a market cap of $20.59 billion, a PE ratio of 100.08 and a beta of 0.61. The business has a 50-day simple moving average of $201.08 and a two-hundred day simple moving average of $200.53.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same period last year, the business earned $2.06 EPS. Cboe Global Markets’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.