Cboe Global Markets (NASDAQ:CBOE) Upgraded at StockNews.com

StockNews.com upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also issued reports on CBOE. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Jefferies Financial Group decreased their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. Oppenheimer reduced their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Bank of America raised their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods reduced their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Price Performance

CBOE opened at $213.00 on Tuesday. 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 firm has a market cap of $22.30 billion, a PE ratio of 29.50, a P/E/G ratio of 1.75 and a beta of 0.67. The firm has a 50 day simple moving average of $202.38.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.06 earnings per share. Equities analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Insider Activity

In other news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently bought and sold shares of the stock. Greenline Partners LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Kestra Investment Management LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $36,000. Finally, Generali Asset Management SPA SGR acquired a new stake in Cboe Global Markets during the fourth quarter worth about $37,000. 82.67% of the stock is currently owned by institutional investors.

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.