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

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $206.86.

Several equities analysts recently commented on CBOE shares. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating on the stock. 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 research report on Monday, January 6th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Jefferies Financial Group dropped their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last three months. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after buying an additional 24,177 shares during the last quarter. Oak Harvest Investment Services bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $977,000. Forge First Asset Management Inc. acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock worth $4,750,000 after purchasing an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $3,278,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $226.06 on Tuesday. The stock has a market capitalization of $23.67 billion, a P/E ratio of 31.31, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company’s 50 day moving average is $210.42. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $227.22.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the business earned $2.06 EPS. Equities research analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

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.