Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Average Rating of "Hold" by Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) has received a consensus rating of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $218.80.

CBOE has been the subject of several recent research reports. Bank of America reissued a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Jefferies Financial Group reduced their price objective 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. Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 target price on the stock in a research note on Tuesday, April 8th. Barclays lifted their price target on Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. Finally, The Goldman Sachs Group cut shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective on the stock. in a research note on Monday, January 6th.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded up $0.68 during trading hours on Friday, hitting $212.10. 337,949 shares of the stock traded hands, compared to its average volume of 879,123. The firm's 50 day moving average price is $213.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market capitalization of $22.21 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) 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 in the previous year, the business posted $2.06 earnings per share. Research analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's payout ratio is presently 34.90%.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now directly owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. Company insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Cboe Global Markets by 5.4% during the 3rd 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 in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $977,000. Forge First Asset Management Inc. purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 purchased a new position in Cboe Global Markets during the fourth quarter worth approximately $3,278,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.