Cboe Global Markets (NASDAQ:CBOE) Upgraded at StockNews.com

StockNews.com upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a sell rating to a hold rating in a research note released on Thursday morning.

CBOE has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Barclays boosted their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Bank of America boosted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Oppenheimer decreased their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Up 1.0 %

Shares of CBOE opened at $210.93 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a 50 day moving average of $199.97. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $221.66. The company has a market cap of $22.08 billion, a PE ratio of 29.21, a P/E/G ratio of 1.75 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, equities analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. Cboe Global Markets’s dividend payout ratio is presently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,316 shares of company stock worth $2,332,393. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Cboe Global Markets by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company’s stock valued at $2,467,700,000 after acquiring an additional 56,233 shares during the period. Alliancebernstein L.P. grew its position in shares of Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Cboe Global Markets by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company’s stock valued at $784,566,000 after acquiring an additional 126,721 shares during the period. Geode Capital Management LLC grew its position in shares of Cboe Global Markets by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock valued at $535,994,000 after acquiring an additional 44,291 shares during the period. Finally, FMR LLC boosted its holdings in Cboe Global Markets by 2.5% in the 4th quarter. FMR LLC now owns 1,571,980 shares of the company’s stock worth $307,165,000 after buying an additional 38,587 shares during the period. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

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.