Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) has been given a consensus recommendation of "Moderate Buy" by the nine analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $143.00.
Several equities analysts have issued reports on the stock. Credit Suisse Group dropped their price objective on shares of Cboe Global Markets from $146.00 to $145.00 and set a "neutral" rating on the stock in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cboe Global Markets from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Wednesday, July 13th. TheStreet cut shares of Cboe Global Markets from a "b+" rating to a "c+" rating in a research note on Friday, July 29th. Morgan Stanley upgraded shares of Cboe Global Markets to an "overweight" rating and boosted their target price for the stock from $118.00 to $140.00 in a research report on Tuesday, July 19th. Finally, Rosenblatt Securities assumed coverage on shares of Cboe Global Markets in a research report on Wednesday, August 17th. They set a "buy" rating and a $153.00 target price on the stock.
Get Cboe Global Markets alerts:Insider Buying and Selling
In related news, EVP Catherine R. Clay sold 1,182 shares of the business's stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $124.28, for a total value of $146,898.96. Following the sale, the executive vice president now directly owns 3,470 shares in the company, valued at approximately $431,251.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.51% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CBOE. JPMorgan Chase & Co. raised its stake in Cboe Global Markets by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 123,250 shares of the company's stock valued at $16,071,000 after purchasing an additional 2,274 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in Cboe Global Markets by 17.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 6,053 shares of the company's stock valued at $789,000 after purchasing an additional 879 shares during the last quarter. Private Advisor Group LLC raised its stake in Cboe Global Markets by 19.0% in the 4th quarter. Private Advisor Group LLC now owns 2,279 shares of the company's stock valued at $297,000 after purchasing an additional 364 shares during the last quarter. abrdn plc raised its stake in Cboe Global Markets by 8.8% in the 4th quarter. abrdn plc now owns 42,203 shares of the company's stock valued at $5,503,000 after purchasing an additional 3,409 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Cboe Global Markets by 8.3% in the 4th quarter. Bank of Montreal Can now owns 301,267 shares of the company's stock valued at $39,121,000 after purchasing an additional 23,024 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.Cboe Global Markets Stock Performance
Shares of Cboe Global Markets stock opened at $116.41 on Tuesday. The firm's fifty day simple moving average is $120.03 and its 200-day simple moving average is $117.43. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 60.01 and a beta of 0.61. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.
Cboe Global Markets (BATS:CBOE – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.02). The business had revenue of $424.10 million during the quarter, compared to analyst estimates of $422.56 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business's revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, equities analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.
Cboe Global Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.48 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.65%. Cboe Global Markets's dividend payout ratio is presently 98.97%.
Cboe Global Markets Company Profile
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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.
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