Cboe Global Markets, Inc. (BATS:CBOE) Given Consensus Recommendation of “Hold” by Brokerages

Cboe Global Markets, Inc. (BATS:CBOE) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $315.30.

A number of research analysts have weighed in on CBOE shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a research note on Friday, July 10th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd.

Cboe Global Markets Trading Down 0.8%

BATS CBOE opened at $282.73 on Friday. Cboe Global Markets has a one year low of $227.15 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $29.99 billion, a P/E ratio of 145.74 and a beta of 0.61. The stock’s 50-day moving average is $274.04 and its 200-day moving average is $291.52.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same period in the previous year, the firm earned $2.46 EPS. Cboe Global Markets’s quarterly revenue was up 24.6% compared to the same quarter last year. Sell-side analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets in the 4th quarter valued at $26,000. Keating Financial Advisory Services Inc. bought a new stake in Cboe Global Markets during the 2nd quarter worth about $26,000. NFSG Corp bought a new stake in Cboe Global Markets during the 1st quarter worth about $31,000. Finally, Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth about $27,000. 81.73% of the stock is owned by institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.