Cboe Global Markets (BATS:CBOE) Stock Price Down 1.1% – Here’s What Happened

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

Wall Street Analyst Weigh In

CBOE has been the subject of a number of analyst reports. Piper Sandler boosted their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price objective for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Barclays cut their target price on 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. Oppenheimer upped their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, TD Cowen assumed coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $211.36.

Cboe Global Markets Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $20.51 billion, a PE ratio of 99.68 and a beta of 0.61. The company’s 50-day simple moving average is $201.24 and its 200-day simple moving average is $200.58.

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

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. West Family Investments Inc. increased its position in Cboe Global Markets by 7.9% during the 3rd quarter. West Family Investments Inc. now owns 3,334 shares of the company’s stock worth $683,000 after purchasing an additional 243 shares during the period. XTX Topco Ltd purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $1,359,000. Swedbank AB grew its holdings in Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after acquiring an additional 71,097 shares during the period. Regal Investment Advisors LLC raised its position 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 worth $3,788,000 after acquiring an additional 56 shares in the last quarter. Finally, Aquila Investment Management LLC lifted its holdings in Cboe Global Markets by 11.1% in the third quarter. Aquila Investment Management LLC now owns 10,000 shares of the company’s stock valued at $2,049,000 after acquiring an additional 1,000 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.