Brokerages Set Cboe Global Markets, Inc. (BATS:CBOE) Price Target at $279.00

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $279.00.

Several brokerages have recently issued reports on CBOE. Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Piper Sandler raised their target price on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kendall Capital Management lifted its position in Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after purchasing an additional 40 shares during the period. SHUTTLEWORTH & Co raised its stake in Cboe Global Markets by 0.5% during the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after acquiring an additional 41 shares in the last quarter. Sagespring Wealth Partners LLC raised its stake in Cboe Global Markets by 4.1% during the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after acquiring an additional 42 shares in the last quarter. Norinchukin Bank The raised its stake in Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its stake in Cboe Global Markets by 3.1% during the third quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock worth $351,000 after acquiring an additional 43 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Trading Up 2.1%

Shares of Cboe Global Markets stock opened at $296.06 on Friday. The company’s fifty day simple moving average is $283.47 and its 200-day simple moving average is $262.67. The company has a market cap of $31.40 billion, a price-to-earnings ratio of 152.61 and a beta of 0.61. 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 has a 1 year low of $200.88 and a 1 year high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.13. The business had revenue of $671.10 million for the quarter, compared to the consensus estimate of $659.59 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. As a group, sell-side analysts expect that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is 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.