Cboe Global Markets, Inc. (BATS:CBOE) Receives $209.42 Average PT from Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have earned an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $209.42.

A number of equities analysts have recently weighed in on the company. Barclays dropped their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Oppenheimer upped 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. Royal Bank of Canada reissued 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. TD Cowen began coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target on the stock. Finally, Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research report on Wednesday, November 6th.

Cboe Global Markets Stock Up 0.7 %

Shares of CBOE stock opened at $194.41 on Monday. Cboe Global Markets has a 1 year low of $103.82 and a 1 year 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 business’s fifty day moving average is $206.21 and its 200-day moving average is $198.04. The stock has a market cap of $20.62 billion, a PE ratio of 100.21 and a beta of 0.61.

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

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.30%. Cboe Global Markets’s payout ratio is presently 98.97%.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. boosted its stake in Cboe Global Markets by 2.9% in the third quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock worth $379,000 after purchasing an additional 52 shares in the last quarter. Americana Partners LLC boosted its stake in Cboe Global Markets by 2.2% during the 3rd quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock worth $512,000 after acquiring an additional 54 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in Cboe Global Markets by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after purchasing an additional 56 shares during the period. Empirical Finance LLC increased its stake in Cboe Global Markets by 2.1% in the third quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock valued at $748,000 after purchasing an additional 74 shares in the last quarter. Finally, Kendall Capital Management grew its holdings in shares of Cboe Global Markets by 0.9% in the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after buying an additional 80 shares during the period. 81.73% of the stock is owned by 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.