Cboe Global Markets (BATS:CBOE) Price Target Raised to $342.00

Cboe Global Markets (BATS:CBOE) had its price objective raised by TD Cowen from $334.00 to $342.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

CBOE has been the subject of a number of other reports. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Loop Capital set a $343.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $258.00 to $358.00 in a report on Friday, October 9th. Finally, Wells Fargo & Company began coverage on shares of Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $321.91.

Cboe Global Markets Trading Up 2.8%

Shares of CBOE stock opened at $300.47 on Monday. The stock has a 50-day simple moving average of $287.03 and a 200 day simple moving average of $292.95. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The stock has a market capitalization of $31.87 billion, a P/E ratio of 154.88 and a beta of 0.61. 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 released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the previous year, the company earned $2.46 earnings per share. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.86 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Cboe Global Markets during the second quarter valued at $2,474,799,000. Deutsche Bank AG purchased a new stake in Cboe Global Markets in the 2nd quarter worth about $491,465,000. Jupiter Topco LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after acquiring an additional 51,784 shares during the period. Finally, Bank of America Corp DE boosted its position in Cboe Global Markets by 10.1% during the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after acquiring an additional 68,742 shares during the period. 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.