Cboe Global Markets, Inc. (BATS:CBOE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOEGet Rating) have been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $143.00.

Several analysts have issued reports on the company. TheStreet lowered Cboe Global Markets from a “b+” rating to a “c+” rating in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Cboe Global Markets from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Credit Suisse Group decreased their price objective on Cboe Global Markets from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Morgan Stanley upgraded Cboe Global Markets to an “overweight” rating and boosted their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 19th. Finally, Rosenblatt Securities initiated coverage on Cboe Global Markets in a research note on Wednesday, August 17th. They set a “buy” rating and a $153.00 price objective on the stock.

Cboe Global Markets Stock Up 0.1 %

CBOE stock opened at $120.64 on Tuesday. The stock’s fifty day simple moving average is $120.57 and its two-hundred day simple moving average is $117.09. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The stock has a market cap of $12.80 billion, a P/E ratio of 62.19 and a beta of 0.61.

Cboe Global Markets (BATS:CBOEGet Rating) last issued its earnings results on Friday, July 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.02). The firm had revenue of $424.10 million during the quarter, compared to the consensus estimate of $422.56 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Analysts expect that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.59%. The ex-dividend date was Tuesday, August 30th. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 1,182 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $124.28, for a total transaction of $146,898.96. Following the completion of the transaction, the executive vice president now directly owns 3,470 shares in the company, valued at $431,251.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Clear Street Markets LLC boosted its holdings in shares of Cboe Global Markets by 406.8% in the 2nd quarter. Clear Street Markets LLC now owns 223 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares in the last quarter. CX Institutional purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth about $30,000. SeaCrest Wealth Management LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth about $34,000. Prospera Financial Services Inc purchased a new stake in Cboe Global Markets during the 1st quarter valued at about $43,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Cboe Global Markets by 645.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 410 shares of the company’s stock valued at $47,000 after acquiring an additional 355 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

(Get Rating)

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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Analyst Recommendations for Cboe Global Markets (BATS:CBOE)

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