Cboe Global Markets Inc. (AMEX:CBOE) shares traded 0.43% higher at $150.36 on Wall Street last session.
In accordance with the data, 17 analysts cover Cboe Global Markets Inc. (AMEX:CBOE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $172.00 and a low of $130.00, we find $155.00. Given the previous closing price of $149.71, this indicates a potential upside of 3.53 percent. CBOE stock price is now 5.16% away from the 50-day moving average and 13.20% away from the 200-day moving average. The market capitalization of the company currently stands at $15.80B.
It has been rated a hold by 8 analysts and a buy by 7. Brokers who have rated the stock have averaged $153.85 as their price target over the next twelve months.
With the price target of $146, Barclays recently initiated with Equal Weight rating for Cboe Global Markets Inc. (AMEX: CBOE).
In other news, Howson Dave, EVP, GLOBAL PRESIDENT sold 8,000 shares of the company’s stock on Aug 17. The stock was sold for $1,187,360 at an average price of $148.42. Upon completion of the transaction, the EVP, GLOBAL PRESIDENT now directly owns 17,168 shares in the company, valued at $2.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, Director Goodman Jill R sold 5,051 shares of the business’s stock. A total of $732,142 was realized by selling the stock at an average price of $144.95. This leaves the insider owning 12,936 shares of the company worth $1.95 million. Insiders disposed of 130,891 shares of company stock worth roughly $19.68 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CBOE stock. A new stake in Cboe Global Markets Inc. shares was purchased by WALLEYE CAPITAL LLC during the first quarter worth $19,351,000. GILLSON CAPITAL LP invested $12,564,000 in shares of CBOE during the first quarter. In the first quarter, GRATUS CAPITAL LLC acquired a new stake in Cboe Global Markets Inc. valued at approximately $7,250,000. FIRST FINANCIAL BANK – TRUST DIVISION acquired a new stake in CBOE for approximately $6,035,000. HIGHLAND CAPITAL MANAGEMENT, LLC purchased a new stake in CBOE valued at around $5,867,000 in the second quarter. In total, there are 873 active investors with 84.00% ownership of the company’s stock.
Cboe Global Markets Inc. (AMEX: CBOE) opened at $149.08 on Friday. During the past 12 months, Cboe Global Markets Inc. has had a low of $114.17 and a high of $152.37. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $17.09B, which is based on a 24.67 price-to-earnings ratio, a 4.99 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for CBOE is $143.24 and a two-hundred day moving average price translates $132.98 for the stock.
The latest earnings results from Cboe Global Markets Inc. (AMEX: CBOE) was released for Jun, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at $1.78, beating analysts’ expectations of $1.77 by 0.01. This compares to -$1.74 EPS in the same period last year. The net profit margin was 16.70% and return on equity was 18.60% for CBOE. The company reported revenue of $907.8 million for the quarter, compared to $985.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.91 percent. For the current quarter, analysts expect CBOE to generate $470.33M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 08/31/2023 were paid a $0.55 dividend. On an annualized basis, this represents a $2.20 dividend and a 1.46% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, CBOE is presently at 32.70%.
Cboe Global Markets Inc.(CBOE) Company Profile
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. The Futures segment trades in futures. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transactions services. The Digital segment offers Cboe Digital, an operator of the United States based digital asset spot market and a regulated futures exchange; Cboe Clear Digital, a regulated clearinghouse; licensing of proprietary market data; and access and capacity services. The company has strategic relationships with S&P Dow Jones Indices, LLC; IHS Markit Ltd.; DJI Opco, LLC; Frank Russell Company; FTSE International Limited; and MSCI Inc. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.
