Cboe Global Markets (BATS:CBOE) Shares Down 1.1% – What’s Next?

Cboe Global Markets, Inc. (BATS:CBOE)’s share price was down 1.1% during trading on Monday . The stock traded as low as $190.27 and last traded at $190.94. Approximately 779,895 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 636,231 shares. The stock had previously closed at $192.99.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays dropped their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. Oppenheimer upped their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Piper Sandler increased their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Price Performance

The stock has a market cap of $20.51 billion, a PE ratio of 99.68 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $201.24 and its 200 day moving average is $200.58.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently modified their holdings of CBOE. BOKF NA grew its position in Cboe Global Markets by 65,000.0% in the second quarter. BOKF NA now owns 1,953 shares of the company’s stock valued at $332,000 after acquiring an additional 1,950 shares in the last quarter. Parallel Advisors LLC grew its holdings in Cboe Global Markets by 9.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,960 shares of the company’s stock valued at $333,000 after purchasing an additional 163 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Cboe Global Markets by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after buying an additional 55,876 shares during the period. Moors & Cabot Inc. increased its stake in Cboe Global Markets by 2.7% during the 2nd quarter. Moors & Cabot Inc. now owns 5,686 shares of the company’s stock worth $967,000 after buying an additional 150 shares during the period. Finally, Virtu Financial LLC acquired a new position in Cboe Global Markets in the 2nd quarter worth $1,165,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.