Cboe Global Markets’ (CBOE) “Neutral” Rating Reaffirmed at Bank of America

Bank of America reiterated their neutral rating on shares of Cboe Global Markets (NASDAQ:CBOE) in a research report released on Thursday morning, MarketBeat.com reports. They currently have a $227.00 target price on the stock, down from their previous target price of $260.00.

A number of other research analysts have also commented on CBOE. Jefferies Financial Group lowered their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Piper Sandler upped their target price on Cboe Global Markets from $230.00 to $234.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $218.80.

Cboe Global Markets Stock Up 2.4 %

Shares of NASDAQ CBOE opened at $215.09 on Thursday. The business has a fifty day moving average price of $212.67. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $234.37. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $22.52 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (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 quarter in the prior year, the business posted $2.06 earnings per share. Equities research analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Cboe Global Markets’s payout ratio is 34.90%.

Insider Buying and Selling

In related news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. bought a new position in Cboe Global Markets in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $36,000. 82.67% of the stock is currently owned by institutional investors.

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.