Brokerages Set Cboe Global Markets, Inc. (NASDAQ:CBOE) PT at $223.36

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) have been assigned an average recommendation of "Reduce" from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $219.64.

A number of brokerages have commented on CBOE. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America reiterated a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. UBS Group boosted their target price on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Oppenheimer raised their price target on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Barclays upped their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE traded up $2.13 during trading hours on Wednesday, hitting $223.08. 78,200 shares of the stock were exchanged, compared to its average volume of 905,280. The business's 50 day moving average is $217.91. Cboe Global Markets has a one year low of $166.13 and a one year high of $236.02. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of 30.90, a P/E/G 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 (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS 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%. During the same period last year, the business posted $2.15 EPS. The company's revenue was up 12.6% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.63 per share. 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 dividend payout ratio is presently 33.03%.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at $417,872.31. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Oak Harvest Investment Services bought a new position in Cboe Global Markets in the 4th quarter valued at approximately $977,000. Forge First Asset Management Inc. acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $8,461,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cboe Global Markets by 40.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock worth $4,750,000 after purchasing an additional 6,943 shares during the period. Brentview Investment Management LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth $3,278,000. Finally, Skylands Capital LLC increased its holdings in Cboe Global Markets by 88.9% in the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

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.