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

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%.

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) have received an average recommendation of "Reduce" from the fourteen brokerages 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 12-month target price among brokers that have issued a report on the stock in the last year is $231.3846.

A number of equities analysts recently issued reports on CBOE shares. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Citigroup raised their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler raised their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, UBS Group reissued a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th.

Cboe Global Markets Price Performance

Shares of CBOE opened at $234.09 on Tuesday. Cboe Global Markets has a 1-year low of $187.30 and a 1-year high of $255.27. The stock has a market cap of $24.48 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a fifty day moving average price of $240.89 and a 200 day moving average price of $228.21.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data 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 last year, the firm earned $2.15 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side 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 was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.72 per share. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Cboe Global Markets by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company's stock worth $2,992,793,000 after purchasing an additional 195,086 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company's stock worth $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. State Street Corp raised its holdings in Cboe Global Markets by 1.7% during the second quarter. State Street Corp now owns 4,895,467 shares of the company's stock worth $1,141,672,000 after purchasing an additional 81,432 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock worth $920,827,000 after purchasing an additional 54,054 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cboe Global Markets by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company's stock worth $664,186,000 after purchasing an additional 51,873 shares in the last quarter. 82.67% of the stock is 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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