Cboe Global Markets, Inc. (BATS:CBOE) Receives $209.42 Consensus Target Price from Brokerages

Cboe Global Markets, Inc. (BATS:CBOE) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $209.42.

A number of equities research analysts have recently weighed in on CBOE shares. Barclays cut their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. TD Cowen began coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. Finally, Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a research note on Wednesday, November 6th.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $197.23 on Monday. Cboe Global Markets has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $20.92 billion, a PE ratio of 101.67 and a beta of 0.61. The stock has a 50 day simple moving average of $205.66 and a 200-day simple moving average of $198.57.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 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 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 earnings per share. On average, equities research analysts forecast that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its stake in shares of Cboe Global Markets by 306.6% in the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after purchasing an additional 402,547 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Cboe Global Markets by 215.7% during the third quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock worth $77,070,000 after buying an additional 257,016 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after purchasing an additional 246,442 shares in the last quarter. Raymond James & Associates grew its position in shares of Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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