Cboe Global Markets (NASDAQ:CBOE) Receives Neutral Rating from Bank of America

Bank of America reaffirmed their neutral rating on shares of Cboe Global Markets (NASDAQ:CBOE - Free Report) in a report issued on Thursday morning, MarketBeat.com reports. Bank of America currently has a $227.00 target price on the stock, down from their previous target price of $260.00.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Jefferies Financial Group reduced their target price on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. Piper Sandler upped their price target on Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a "market perform" rating for the company. Finally, StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $218.80.

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Cboe Global Markets Price Performance

Shares of CBOE traded up $0.64 during trading hours on Thursday, hitting $217.79. 198,048 shares of the stock were exchanged, compared to its average volume of 879,046. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The business's 50-day simple moving average is $212.85. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 1.75 and a beta of 0.47. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (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 company earned $2.06 earnings per share. As a group, analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 dividend yield of 1.16%. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Activity

In other news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last three months. Corporate insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CX Institutional grew its stake in Cboe Global Markets by 15.4% in the 1st quarter. CX Institutional now owns 5,664 shares of the company's stock valued at $1,282,000 after buying an additional 757 shares in the last quarter. GAMMA Investing LLC grew its holdings in Cboe Global Markets by 29.0% during the 1st quarter. GAMMA Investing LLC now owns 5,376 shares of the company's stock valued at $1,217,000 after buying an additional 1,209 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Cboe Global Markets by 140.7% during the first quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock valued at $408,000 after buying an additional 1,061 shares during the period. Central Bank & Trust Co. lifted its holdings in shares of Cboe Global Markets by 40.8% in the first quarter. Central Bank & Trust Co. now owns 6,783 shares of the company's stock worth $1,535,000 after buying an additional 1,966 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in Cboe Global Markets by 8.8% during the first quarter. Wedge Capital Management L L P NC now owns 11,066 shares of the company's stock valued at $2,504,000 after acquiring an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Company Profile

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.