Cboe Global Markets (NASDAQ:CBOE) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Cboe Global Markets (NASDAQ:CBOE) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Several other research analysts also recently weighed in on CBOE. Loop Capital set a $310.00 target price on shares of Cboe Global Markets in a research report on Wednesday, December 10th. UBS Group lifted their price objective on shares of Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Morgan Stanley boosted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of Cboe Global Markets in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $246.62.

Cboe Global Markets Stock Down 1.2%

Shares of Cboe Global Markets stock opened at $248.11 on Thursday. The stock’s fifty day moving average is $252.45 and its 200-day moving average is $243.47. The firm has a market capitalization of $25.96 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 12-month low of $187.30 and a 12-month high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.22 EPS. Equities analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s payout ratio is currently 30.93%.

Institutional Trading of Cboe Global Markets

Institutional investors have recently bought and sold shares of the company. Missouri Trust & Investment Co purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Cboe Global Markets in the second quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Cboe Global Markets during the second quarter valued at approximately $33,000. Physician Wealth Advisors Inc. lifted its stake in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the last quarter. Finally, Ameriflex Group Inc. grew its position in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.