Analysts Set Cboe Global Markets, Inc. (NASDAQ:CBOE) Target Price at $206.86

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $206.86.

A number of analysts recently weighed in on CBOE shares. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Barclays raised their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Bank of America boosted their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Oppenheimer dropped their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value 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. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after acquiring an additional 24,177 shares during the last quarter. Oak Harvest Investment Services bought a new position in shares of Cboe Global Markets in the 4th quarter worth $977,000. Forge First Asset Management Inc. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $8,461,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at about $3,278,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 1.1 %

Cboe Global Markets stock opened at $220.27 on Tuesday. The firm has a 50 day moving average price of $209.24. 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 $223.51. The firm has a market cap of $23.06 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business earned $2.06 earnings per share. On average, analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.14%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

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.