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

Key Points

• Cboe Global Markets has received a consensus rating of "Reduce" from brokerages, with three sell ratings, nine holds, and two buys.
• The company's stock currently has a 12-month average price target of $231.38, with recent target prices ranging from $218.00 to $256.00.
• Cboe Global Markets declared a quarterly dividend of $0.72 per share, which represents an increase from the previous dividend of $0.63, with a current yield of 1.2%.

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) has earned a consensus recommendation of "Reduce" from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $231.3846.

A number of equities analysts have recently commented on CBOE shares. UBS Group reissued a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Barclays lifted their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $249.25 on Friday. The company's fifty day simple moving average is $238.35 and its 200-day simple moving average is $224.61. Cboe Global Markets has a 52 week low of $187.30 and a 52 week high of $255.27. 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 company has a market cap of $26.07 billion, a PE ratio of 34.52, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the firm posted $2.15 EPS. The business's revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.72 per share. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets's payout ratio is presently 33.76%.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in Cboe Global Markets during the 1st quarter worth $26,000. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets during the 2nd quarter worth $26,000. NBC Securities Inc. acquired a new position in Cboe Global Markets during the 1st quarter worth $27,000. Greenline Partners LLC acquired a new position in Cboe Global Markets during the 4th quarter worth $29,000. Finally, Hughes Financial Services LLC acquired a new position in Cboe Global Markets during the 1st quarter worth $29,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

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.

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