Piper Sandler Reiterates “Overweight” Rating for Cboe Global Markets (BATS:CBOE)

Piper Sandler restated their overweight rating on shares of Cboe Global Markets (BATS:CBOE) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $210.00 price objective on the stock, up from their previous price objective of $203.00.

A number of other analysts also recently commented on CBOE. Morgan Stanley restated an equal weight rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Bank of America upped their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a buy rating in a report on Friday, April 19th. Rosenblatt Securities upped their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the stock a buy rating in a report on Monday, May 6th. Barclays lowered their price target on Cboe Global Markets from $215.00 to $194.00 and set an overweight rating for the company in a report on Wednesday, July 10th. Finally, Oppenheimer reiterated an outperform rating and issued a $206.00 price target on shares of Cboe Global Markets in a report on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $193.33.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $204.70 on Monday. The stock has a market capitalization of $21.71 billion, a PE ratio of 105.52 and a beta of 0.61. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The stock’s 50-day moving average price is $177.23 and its 200 day moving average price is $181.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the company earned $1.78 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, May 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 5,073 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares of the company’s stock, valued at $1,455,227.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the sale, the executive vice president now directly owns 7,573 shares of the company’s stock, valued at $1,455,227.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The disclosure for this sale can be found here. Insiders sold a total of 15,965 shares of company stock valued at $2,941,725 in the last quarter. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $226,557,000. Perpetual Ltd acquired a new position in shares of Cboe Global Markets during the 1st quarter valued at $74,868,000. Allianz Asset Management GmbH raised its holdings in Cboe Global Markets by 439.5% during the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock worth $56,716,000 after buying an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Cboe Global Markets by 66.5% during the second 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. Finally, TD Asset Management Inc raised its holdings in Cboe Global Markets by 36.2% during the second 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. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.