Cboe Global Markets, Inc. (BATS:CBOE) Stock Has Consensus Price Target of $363.00

Cboe Global Markets, Inc. (BATS:CBOE) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $363.00.

Several equities research analysts recently weighed in on CBOE shares. JPMorgan Chase & Co. boosted their target price on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. Barclays upped their target price on Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Loop Capital set a $332.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 28th. The Goldman Sachs Group cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, Royal Bank Of Canada upped their price objective on shares of Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, October 30th.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently made changes to their positions in CBOE. Ashton Thomas Private Wealth LLC increased its holdings in Cboe Global Markets by 1.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,914 shares of the company’s stock worth $802,000 after purchasing an additional 32 shares in the last quarter. Net Worth Advisory Group raised its position in Cboe Global Markets by 3.9% in the third quarter. Net Worth Advisory Group now owns 906 shares of the company’s stock valued at $251,000 after purchasing an additional 34 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its position in Cboe Global Markets by 18.3% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 220 shares of the company’s stock valued at $61,000 after purchasing an additional 34 shares during the last quarter. Verus Capital Partners LLC raised its position in Cboe Global Markets by 2.6% in the third quarter. Verus Capital Partners LLC now owns 1,395 shares of the company’s stock valued at $384,000 after purchasing an additional 35 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after purchasing an additional 41 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 1.8%

Shares of CBOE traded up $6.53 during trading hours on Friday, hitting $375.42. 956,216 shares of the company were exchanged, compared to its average volume of 1,139,884. The company has a market cap of $39.82 billion, a PE ratio of 193.52 and a beta of 0.61. The firm’s 50 day moving average is $305.04 and its 200-day moving average is $296.16. Cboe Global Markets has a 52 week low of $227.15 and a 52 week high of $378.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.20. The business had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 EPS. On average, equities research analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its board has authorized a share buyback program on Thursday, October 22nd that permits the company to repurchase $550 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.6% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a yield of 0.9%. Cboe Global Markets’s payout ratio is currently 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.