Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Consensus Rating of “Reduce” by Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been assigned an average rating of “Reduce” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $235.0769.

CBOE has been the topic of several research reports. Barclays lifted their price objective on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup lifted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Piper Sandler lifted their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. UBS Group reiterated a “neutral” rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $221.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 1st.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $244.71 on Friday. The firm has a market cap of $25.59 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets has a 52 week low of $187.30 and a 52 week high of $255.27. The firm’s 50-day simple moving average is $241.40 and its two-hundred day simple moving average is $231.38.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $2.15 EPS. As a group, equities analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is 33.76%.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Cboe Global Markets by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after acquiring an additional 195,086 shares in the last quarter. Alliancebernstein L.P. grew its stake in Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after acquiring an additional 390,034 shares in the last quarter. State Street Corp grew its stake in Cboe Global Markets by 1.7% during the second quarter. State Street Corp now owns 4,895,467 shares of the company’s stock valued at $1,141,672,000 after acquiring an additional 81,432 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after acquiring an additional 54,054 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Cboe Global Markets by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after acquiring an additional 51,873 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

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.