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

Cboe Global Markets, Inc. (NASDAQ:CBOE) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $206.86.

Several research firms recently commented on CBOE. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. 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 note on Monday, January 6th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. 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 note on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th.

Cboe Global Markets Stock Up 1.3 %

Shares of NASDAQ CBOE opened at $208.00 on Friday. Cboe Global Markets has a twelve month low of $166.13 and a twelve month high of $221.66. The business has a 50 day simple moving average of $200.57. The stock has a market cap of $21.77 billion, a P/E ratio of 28.81, a PEG ratio of 1.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share 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 previous year, the company posted $2.06 earnings per share. As a group, research analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. Cboe Global Markets’s payout ratio is 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBOE. Erste Asset Management GmbH bought a new position in shares of Cboe Global Markets in the third quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cboe Global Markets in the third quarter worth $158,000. Benjamin Edwards Inc. increased its holdings in shares of Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after purchasing an additional 29,778 shares during the period. Coastwise Capital Group LLC bought a new position in shares of Cboe Global Markets in the third quarter worth $216,000. Finally, Harmony Asset Management LLC bought a new position in shares of Cboe Global Markets in the third quarter worth $15,175,000. Institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

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.