Brokerages Set Cboe Global Markets, Inc. (BATS:CBOE) Target Price at $209.42

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $209.42.

CBOE has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price target for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Finally, Piper Sandler lifted their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th.

Cboe Global Markets Price Performance

CBOE stock opened at $194.41 on Monday. The stock has a market cap of $20.62 billion, a PE ratio of 100.21 and a beta of 0.61. The stock has a 50-day moving average price of $206.21 and a two-hundred day moving average price of $198.04. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter in the prior year, the firm posted $2.06 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. National Bank of Canada FI grew its position in shares of Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares in the last quarter. Americana Partners LLC grew its position in Cboe Global Markets by 3.8% during the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares in the last quarter. XTX Topco Ltd bought a new position in Cboe Global Markets during the 2nd quarter worth $1,359,000. Burney Co. raised its holdings in Cboe Global Markets by 59.9% in the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after acquiring an additional 2,102 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Cboe Global Markets by 305.2% during the 3rd quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after acquiring an additional 71,097 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

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.