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

Cboe Global Markets, Inc. (BATS:CBOE) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $209.42.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Barclays dropped their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th.

Insiders Place Their Bets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI boosted its holdings in shares of Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after buying an additional 5,458 shares in the last quarter. Americana Partners LLC boosted its stake in Cboe Global Markets by 3.8% during the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after acquiring an additional 90 shares in the last quarter. XTX Topco Ltd purchased a new stake in Cboe Global Markets in the second quarter worth about $1,359,000. Burney Co. increased its stake in shares of Cboe Global Markets by 59.9% during the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after purchasing an additional 2,102 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after purchasing an additional 71,097 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

BATS:CBOE opened at $212.02 on Thursday. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The stock has a fifty day moving average of $208.42 and a 200 day moving average of $195.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 109.29 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. On average, research analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase plan on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

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.