Cboe Global Markets, Inc. (BATS:CBOE) Stock Has Average Target Price of $321.91

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $330.27.

A number of research firms have commented on CBOE. Piper Sandler reduced their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Wells Fargo & Company increased their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their target price on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th.

Cboe Global Markets Price Performance

Shares of CBOE opened at $340.42 on Wednesday. The company has a market capitalization of $36.11 billion, a P/E ratio of 175.48 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. The firm has a 50 day moving average of $291.19 and a 200 day moving average of $294.64. Cboe Global Markets has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share 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 analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. As a group, equities research analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 22nd that authorizes the company to repurchase $550.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was 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 $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $2,474,799,000. Deutsche Bank AG purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Cboe Global Markets by 2.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock worth $236,512,000 after purchasing an additional 17,321 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.