StockNews.com Upgrades Cboe Global Markets (NASDAQ:CBOE) to "Hold"

StockNews.com upgraded shares of Cboe Global Markets (NASDAQ:CBOE - Free Report) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other brokerages also recently weighed in on CBOE. The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective on the stock. in a research report on Monday, January 6th. Barclays raised their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Oppenheimer dropped their price objective on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Keefe, Bruyette & Woods dropped 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 report on Monday, January 13th. Finally, William Blair assumed coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $206.86.

Cboe Global Markets Trading Down 0.3 %

Shares of CBOE traded down $0.56 during midday trading on Thursday, reaching $208.35. 176,968 shares of the stock were exchanged, compared to its average volume of 727,910. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $221.66. 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 50 day moving average price of $199.77. The company has a market capitalization of $21.81 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.76 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the company posted $2.06 EPS. On average, sell-side analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 24,177 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in Cboe Global Markets in the 4th quarter worth $977,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cboe Global Markets by 40.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock worth $4,750,000 after acquiring an additional 6,943 shares in the last quarter. Brentview Investment Management LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth $3,278,000. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth $1,196,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

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.