Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Average Rating of "Reduce" by Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the twelve brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $219.64.

Several brokerages have recently weighed in on CBOE. Wall Street Zen upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays raised their target price on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Bank of America reaffirmed a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Oppenheimer upped their price target on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Piper Sandler increased their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president now directly owns 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Militia Capital Partners LP raised its position in shares of Cboe Global Markets by 6.7% during the 1st quarter. Militia Capital Partners LP now owns 1,600 shares of the company's stock valued at $362,000 after buying an additional 100 shares in the last quarter. Cim LLC grew its position in Cboe Global Markets by 1.6% in the first quarter. Cim LLC now owns 6,108 shares of the company's stock worth $1,382,000 after acquiring an additional 97 shares in the last quarter. Inspire Investing LLC increased its stake in Cboe Global Markets by 5.9% in the first quarter. Inspire Investing LLC now owns 1,398 shares of the company's stock valued at $316,000 after acquiring an additional 78 shares during the last quarter. WBI Investments LLC bought a new position in Cboe Global Markets in the first quarter valued at $2,213,000. Finally, Geneos Wealth Management Inc. raised its position in Cboe Global Markets by 138.5% during the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company's stock valued at $77,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded up $1.08 during midday trading on Friday, hitting $222.18. The company's stock had a trading volume of 302,187 shares, compared to its average volume of 888,856. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $220.67 and a 200 day moving average price of $211.28. Cboe Global Markets has a one year low of $166.13 and a one year high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business posted $2.15 earnings per share. Cboe Global Markets's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts forecast that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.13%. Cboe Global Markets's payout ratio is currently 33.03%.

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.