Cboe Global Markets (BATS:CBOE) Shares Down 1.1% – Should You Sell?

Cboe Global Markets, Inc. (BATS:CBOE) shares were down 1.1% during mid-day trading on Monday . The company 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.

Analyst Ratings Changes

A number of research firms have weighed in on CBOE. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $222.00 in a research report on Monday, November 11th. Oppenheimer upped their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Barclays reduced their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Piper Sandler boosted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Stock Down 1.1 %

The firm has a market cap of $20.25 billion, a P/E ratio of 98.42 and a beta of 0.61. 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 business has a 50-day moving average price of $201.63 and a 200-day moving average price of $200.42.

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

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

Institutional Trading of Cboe Global Markets

Hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. increased its holdings in shares of Cboe Global Markets by 2.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock valued at $379,000 after acquiring an additional 52 shares during the period. Americana Partners LLC grew its stake in Cboe Global Markets by 2.2% in the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock valued at $512,000 after purchasing an additional 54 shares during the last quarter. Regal Investment Advisors LLC grew its stake in Cboe Global Markets by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after purchasing an additional 56 shares during the last quarter. Empirical Finance LLC raised its holdings in Cboe Global Markets by 2.1% in the third quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after purchasing an additional 74 shares in the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of Cboe Global Markets by 0.9% in the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets 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.