Cboe Global Markets, Inc. (BATS:CBOE) Receives Consensus Rating of “Hold” from Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $306.73.

Several brokerages have issued reports on CBOE. Barclays raised their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Wells Fargo & Company assumed coverage on Cboe Global Markets in a research note on Friday. They issued an “equal weight” rating and a $301.00 price target for the company. Finally, TD Cowen upped their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CBOE. BlackRock Inc. bought a new stake in Cboe Global Markets in the second quarter valued at approximately $2,474,799,000. Deutsche Bank AG bought a new position in Cboe Global Markets during the 2nd quarter worth approximately $491,465,000. Norges Bank acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $354,578,000. Jupiter Topco LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $304,917,000. Finally, Legal & General Group Plc bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $175,870,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

BATS:CBOE opened at $271.26 on Friday. The company has a market cap of $28.77 billion, a P/E ratio of 139.83 and a beta of 0.61. The firm’s fifty day moving average price is $287.96 and its two-hundred day moving average price is $292.55. 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.

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

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $0.86 per share. 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 dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s payout ratio is 98.97%.

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.