Brokerages Set Cboe Global Markets, Inc. (BATS:CBOE) Target Price at $187.36

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $190.18.

Several research firms recently commented on CBOE. Oppenheimer boosted their price objective on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Bank of America upped their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Barclays upped their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Finally, Citigroup upped their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th.

Cboe Global Markets Trading Down 0.8 %

BATS:CBOE opened at $178.50 on Wednesday. Cboe Global Markets has a one year low of $103.82 and a one year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day simple moving average is $184.11 and its 200 day simple moving average is $178.78. The firm has a market capitalization of $18.93 billion, a P/E ratio of 92.01 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Cboe Global Markets’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 1.23%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity

In other news, EVP Dave Howson sold 5,322 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Norges Bank purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $226,557,000. Perpetual Ltd purchased a new stake in Cboe Global Markets during the first quarter valued at approximately $74,868,000. Morgan Stanley increased its holdings in Cboe Global Markets by 24.5% during the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after buying an additional 342,505 shares during the last quarter. FMR LLC increased its holdings in Cboe Global Markets by 15.1% during the third quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after buying an additional 289,048 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Cboe Global Markets by 439.5% during the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock valued at $56,716,000 after buying an additional 258,753 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.