Piper Sandler Raises Cboe Global Markets (BATS:CBOE) Price Target to $220.00

Cboe Global Markets (BATS:CBOE) had its price objective raised by Piper Sandler from $210.00 to $220.00 in a research report released on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a market perform rating in a report on Monday, August 5th. TD Cowen started 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a hold rating in a report on Thursday, August 15th. Barclays raised their price objective on shares of Cboe Global Markets from $218.00 to $239.00 and gave the stock an overweight rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an underweight rating to a neutral rating and raised their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $207.25.

Cboe Global Markets Trading Down 0.5 %

Shares of BATS CBOE opened at $205.73 on Tuesday. The company’s 50 day simple moving average is $207.29 and its 200 day simple moving average is $188.10. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The firm has a market capitalization of $21.82 billion, a P/E ratio of 106.05 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. On average, analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets declared that its board has authorized a share repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.63 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,261 shares of company stock valued at $3,604,822 in the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in Cboe Global Markets by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 75,850 shares of the company’s stock worth $13,544,000 after purchasing an additional 2,375 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Cboe Global Markets by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after purchasing an additional 85,433 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in Cboe Global Markets in the 4th quarter worth about $246,000. Nomura Holdings Inc. acquired a new stake in Cboe Global Markets in the 4th quarter worth about $12,640,000. Finally, Coastwise Capital Group LLC acquired a new stake in Cboe Global Markets in the 4th quarter worth about $226,000. Institutional investors and hedge funds 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.