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

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $363.00.

CBOE has been the topic of a number of research reports. Deutsche Bank reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and set a $450.00 price objective on shares of Cboe Global Markets in a research report on Friday, October 23rd. Royal Bank Of Canada boosted their target price on Cboe Global Markets from $303.00 to $360.00 and gave the company a “sector perform” rating in a research note on Friday, October 30th. Wells Fargo & Company boosted their target price on Cboe Global Markets from $309.00 to $357.00 and gave the company an “equal weight” rating in a research note on Monday, November 2nd. Finally, Loop Capital set a $332.00 target price on Cboe Global Markets in a research report on Wednesday, October 28th.

Cboe Global Markets Stock Up 1.8%

CBOE stock traded up $6.53 during midday trading on Friday, reaching $375.42. The company had a trading volume of 956,216 shares, compared to its average volume of 1,139,884. Cboe Global Markets has a 1 year low of $227.15 and a 1 year high of $378.35. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $39.82 billion, a P/E ratio of 193.52 and a beta of 0.61. The company has a 50 day moving average of $305.04 and a two-hundred day moving average of $296.16.

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

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.44 annualized dividend and a dividend yield of 0.9%. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock buyback plan on Thursday, October 22nd that permits the company to repurchase $550 million in outstanding shares. This repurchase authorization permits the company to buy up to 1.6% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Cboe Global Markets in the second quarter worth approximately $2,474,799,000. Deutsche Bank AG acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Cboe Global Markets by 2.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock worth $236,512,000 after purchasing an additional 17,321 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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. 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.