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

Key Points

• Cboe Global Markets, Inc. received a consensus rating of "Reduce" from fourteen research firms, with three analysts recommending a sell and two a buy.
• The company recently increased its quarterly dividend to $0.72 per share, up from $0.63, resulting in an annualized yield of 1.2%.
• Cboe Global Markets reported strong quarterly earnings with an EPS of $2.46, surpassing expectations, and noted a 14.3% year-over-year increase in revenue.

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) have been given an average rating of "Reduce" by the fourteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $235.0769.

A number of brokerages have recently issued reports on CBOE. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Morgan Stanley reiterated an "underweight" rating and set a $221.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 1st. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Barclays raised their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an "equal weight" rating in a research report on Wednesday.

Cboe Global Markets Trading Up 1.6%

NASDAQ:CBOE opened at $244.71 on Friday. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.75 and a beta of 0.44. The firm has a fifty day simple moving average of $241.40 and a two-hundred day simple moving average of $231.38. Cboe Global Markets has a 12 month low of $187.30 and a 12 month 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.

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, 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%. Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 earnings per share. Analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal 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 given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is 33.76%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the second quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets during the first quarter valued at about $27,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC raised its position in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 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.

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