Zacks Research Has Bullish Estimate for CBOE FY2027 Earnings

Cboe Global Markets, Inc. (NASDAQ:CBOE) – Investment analysts at Zacks Research increased their FY2027 earnings estimates for shares of Cboe Global Markets in a report released on Tuesday, March 11th. Zacks Research analyst T. De now expects that the company will earn $10.30 per share for the year, up from their prior forecast of $10.26. The consensus estimate for Cboe Global Markets’ current full-year earnings is $8.96 per share.

A number of other research firms also recently issued reports on CBOE. Oppenheimer cut their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods dropped their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Barclays increased their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Down 0.5 %

CBOE stock opened at $213.95 on Thursday. Cboe Global Markets has a 12-month low of $166.13 and a 12-month high of $221.66. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.40 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The business has a 50 day moving average of $204.46.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the previous year, the company posted $2.06 earnings per share.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York Life Investment Management LLC grew its position in Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after purchasing an additional 48 shares during the last quarter. Summit Financial LLC grew its position in Cboe Global Markets by 0.4% in the 4th quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after purchasing an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after purchasing an additional 50 shares during the last quarter. Inspire Advisors LLC grew its position in Cboe Global Markets by 1.6% in the 4th quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after purchasing an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in Cboe Global Markets by 5.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock worth $234,000 after purchasing an additional 59 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by insiders.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s payout ratio is presently 34.90%.

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.