Cboe Global Markets (BATS:CBOE) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Cboe Global Markets (BATS:CBOE) in a research report released on Friday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $301.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price target on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler lowered their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $306.73.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $271.26 on Friday. Cboe Global Markets has a 12 month low of $227.15 and a 12 month high of $371.18. The company’s fifty day simple moving average is $287.96 and its 200-day simple moving average is $292.55. The firm has a market cap of $28.77 billion, a PE ratio of 139.83 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.86 per share. The ex-dividend date was Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.3%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Cboe Global Markets

Hedge funds have recently made changes to their positions in the business. Emerald Investment Advisers LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at about $3,686,000. Danske Bank A S bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $658,000. Pacer Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares during the period. Bleakley Financial Group LLC acquired a new position in Cboe Global Markets in the 1st quarter valued at about $3,831,000. Finally, Gator Capital Management LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at about $2,380,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.