Research Analysts’ Recent Ratings Updates for Cboe Global Markets (CBOE)

A number of firms have modified their ratings and price targets on shares of Cboe Global Markets (BATS: CBOE) recently:

• 4/19/2024 – Cboe Global Markets had its price target raised by analysts at Bank of America Co. from $200.00 to $204.00. They now have a “buy” rating on the stock.
• 4/9/2024 – Cboe Global Markets had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $199.00 price target on the stock, down previously from $211.00.
• 4/8/2024 – Cboe Global Markets had its price target raised by analysts at Barclays PLC from $200.00 to $211.00. They now have an “overweight” rating on the stock.
• 4/4/2024 – Cboe Global Markets had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $197.00 price target on the stock.

Cboe Global Markets Trading Up 1.6 %

CBOE stock traded up $2.89 during midday trading on Friday, hitting $180.40. The company had a trading volume of 882,403 shares, compared to its average volume of 636,231. 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, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The stock’s 50 day moving average price is $184.39 and its 200 day moving average price is $178.07. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 92.99 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. The business had revenue of $499.00 million during the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $1.80 EPS. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling

In other news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total value of $995,001.12. Following the transaction, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,285,448.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at about $42,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new position in Cboe Global Markets in the 1st quarter worth about $272,000. Allspring Global Investments Holdings LLC raised its holdings in Cboe Global Markets by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 382,677 shares of the company’s stock worth $70,309,000 after purchasing an additional 4,700 shares during the period. Chapin Davis Inc. acquired a new position in Cboe Global Markets in the 1st quarter worth about $277,000. Finally, SteelPeak Wealth LLC acquired a new position in Cboe Global Markets in the 1st quarter worth about $1,737,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.