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

Several brokerages have updated their recommendations and price targets on shares of Cboe Global Markets (BATS: CBOE) in the last few weeks:

• 11/11/2024 – Cboe Global Markets was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $222.00 price target on the stock, up previously from $212.00.
• 11/6/2024 – Cboe Global Markets was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $199.00 price target on the stock.
• 11/4/2024 – Cboe Global Markets had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $220.00 price target on the stock.
• 11/4/2024 – Cboe Global Markets had its price target lowered by analysts at Barclays PLC from $239.00 to $230.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Cboe Global Markets had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $214.00 to $212.00. They now have a “hold” rating on the stock.
• 10/14/2024 – Cboe Global Markets had its price target raised by analysts at Oppenheimer Holdings Inc. from $209.00 to $227.00. They now have an “outperform” rating on the stock.
• 10/8/2024 – Cboe Global Markets had its price target raised by analysts at Piper Sandler from $210.00 to $220.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Cboe Global Markets had its price target raised by analysts at Barclays PLC from $218.00 to $239.00. They now have an “overweight” rating on the stock.
• 10/4/2024 – Cboe Global Markets had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $220.00 price target on the stock.
• 9/27/2024 – Cboe Global Markets is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $220.00 price target on the stock.
• 9/26/2024 – Cboe Global Markets is now covered by analysts at TD Cowen. They set a “hold” rating and a $205.00 price target on the stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $2.38 during mid-day trading on Friday, reaching $213.36. 674,652 shares of the stock were exchanged, compared to its average volume of 636,231. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 109.98 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. 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 firm has a 50-day simple moving average of $207.83 and a 200 day simple moving average of $193.93.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the previous year, the company posted $2.06 EPS. Cboe Global Markets’s revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 13.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,696 shares of company stock valued at $1,591,160 in the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP boosted its position in shares of Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after buying an additional 402,547 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Cboe Global Markets by 215.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock worth $77,070,000 after buying an additional 257,016 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Cboe Global Markets by 66.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after buying an additional 246,442 shares during the last quarter. Raymond James & Associates grew its stake in Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after purchasing an additional 175,159 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after buying an additional 132,833 shares during the last quarter. 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.