Analysts Set Cboe Global Markets, Inc. (NASDAQ:CBOE) PT at $231.38

Key Points

• Cboe Global Markets, Inc. has received a consensus rating of "Reduce" from fourteen brokerages, with three analysts assigning a sell rating and nine giving a hold rating.
• The company's quarterly earnings report showed an EPS of $2.46, surpassing analyst expectations, while revenue increased by 14.3% year-over-year.
• Cboe has increased its quarterly dividend from $0.63 to $0.72 per share, translating to an annualized yield of 1.2%.

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) has been assigned an average rating of "Reduce" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $231.3846.

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. UBS Group reissued a "neutral" rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th.

Cboe Global Markets Trading Down 0.7%

Cboe Global Markets stock traded down $1.56 during midday trading on Tuesday, hitting $232.87. 982,858 shares of the stock were exchanged, compared to its average volume of 875,105. 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 market capitalization of $24.36 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.75 and a beta of 0.46. The stock's 50-day simple moving average is $240.96 and its 200 day simple moving average is $228.59. Cboe Global Markets has a fifty-two week low of $187.30 and a fifty-two week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business's revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. On average, equities analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Institutional Trading of Cboe Global Markets

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its position in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock worth $2,141,730,000 after acquiring an additional 1,779,048 shares during the period. Norges Bank acquired a new stake in shares of Cboe Global Markets during the second quarter valued at about $324,234,000. GAMMA Investing LLC grew its holdings in Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after acquiring an additional 1,212,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cboe Global Markets by 400.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock worth $241,580,000 after purchasing an additional 854,325 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company's stock valued at $402,990,000 after purchasing an additional 370,223 shares during the period. 82.67% of the stock is owned by 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.