Cboe Global Markets, Inc. (BATS:CBOE) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of research analysts recently weighed in on CBOE shares. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price objective for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Barclays lowered their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. grew its stake in Cboe Global Markets by 13.6% during the third quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock worth $8,913,000 after buying an additional 5,200 shares during the period. Financial Counselors Inc. acquired a new position in shares of Cboe Global Markets during the 3rd quarter valued at $328,000. Public Sector Pension Investment Board boosted its position in Cboe Global Markets by 2.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock worth $3,728,000 after purchasing an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cboe Global Markets by 3.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock valued at $11,018,000 after purchasing an additional 1,753 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its position in Cboe Global Markets by 106.5% in the third quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock valued at $954,000 after purchasing an additional 2,402 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

BATS CBOE opened at $191.61 on Monday. The firm has a market cap of $20.32 billion, a P/E ratio of 98.77 and a beta of 0.61. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The business’s 50-day moving average price is $207.19 and its 200 day moving average price is $197.63. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same period last year, the company earned $2.06 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.63 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.32%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

About Cboe Global Markets

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.