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

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) has received an average rating of "Reduce" from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $219.64.

A number of brokerages recently weighed in on CBOE. Wall Street Zen upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Barclays increased their target price on shares of 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. Loop Capital set a $227.00 price target on Cboe Global Markets in a research report on Monday, May 5th. Finally, UBS Group upped their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th.

Cboe Global Markets Stock Down 0.1%

Shares of NASDAQ CBOE opened at $222.60 on Friday. The business has a 50-day moving average price of $220.87 and a 200 day moving average price of $211.16. The stock has a market cap of $23.31 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $236.02.

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

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president now directly owns 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York Life Investment Management LLC raised its position in Cboe Global Markets by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock worth $3,035,000 after acquiring an additional 48 shares during the last quarter. Summit Financial LLC increased its stake in shares of Cboe Global Markets by 0.4% during the 4th quarter. Summit Financial LLC now owns 10,908 shares of the company's stock worth $2,131,000 after purchasing an additional 48 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after purchasing an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Cboe Global Markets by 1.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after buying an additional 48 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its stake in Cboe Global Markets by 0.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after buying an additional 49 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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