Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $251.00 at Bank of America

Cboe Global Markets (NASDAQ:CBOE) had its target price increased by Bank of America from $245.00 to $251.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on CBOE. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Oppenheimer cut their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group lowered their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. StockNews.com lowered shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Price Performance

Shares of CBOE opened at $212.04 on Monday. The company has a market cap of $22.20 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $221.66. The firm’s 50-day moving average is $199.40.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 19.65% and a return on equity of 22.33%. During the same quarter in the prior year, the company posted $2.06 EPS. On average, equities analysts anticipate that Cboe Global Markets will post 8.64 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.63 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s payout ratio is 34.33%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. Kestra Investment Management LLC acquired a new stake in Cboe Global Markets in the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $36,000. Generali Asset Management SPA SGR acquired a new position in Cboe Global Markets during the 4th quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $39,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

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.