Barclays Increases Cboe Global Markets (BATS:CBOE) Price Target to $239.00

Cboe Global Markets (BATS:CBOE) had its target price raised by Barclays from $218.00 to $239.00 in a report released on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities analysts also recently commented on CBOE. Royal Bank of Canada reiterated a sector perform rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research note on Friday, October 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a market perform rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a hold rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an underweight rating to a neutral rating and raised their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Piper Sandler reaffirmed an overweight rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $207.25.

Cboe Global Markets Trading Up 0.3 %

BATS CBOE opened at $206.70 on Monday. 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 market capitalization of $21.92 billion, a P/E ratio of 106.54 and a beta of 0.61. The business has a fifty day simple moving average of $207.05 and a 200 day simple moving average of $187.92. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has approved a stock buyback program on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insiders Place Their Bets

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds have recently modified their holdings of the business. National Bank of Canada FI lifted its position in shares of Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after buying an additional 5,458 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Cboe Global Markets by 15.2% during the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after acquiring an additional 55,859 shares during the last quarter. Cim LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $1,138,000. Americana Partners LLC increased its stake in Cboe Global Markets by 3.8% in the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $1,359,000. Institutional investors own 81.73% of the company’s stock.

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.