Cboe Global Markets (BATS:CBOE) Given New $212.00 Price Target at Deutsche Bank Aktiengesellschaft

Cboe Global Markets (BATS:CBOE) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $214.00 to $212.00 in a report issued on Monday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other brokerages have also weighed in on CBOE. Oppenheimer upped their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods upped their price target 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 initiated coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $208.58.

Cboe Global Markets Trading Down 0.2 %

Shares of CBOE stock opened at $209.60 on Monday. The stock has a fifty day moving average of $209.57 and a two-hundred day moving average of $191.79. The firm has a market capitalization of $22.23 billion, a PE ratio of 108.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00.

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

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a stock repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,296 shares of company stock worth $1,713,098. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CBOE. Ashton Thomas Securities LLC acquired a new stake in shares of Cboe Global Markets during the 3rd quarter valued at $221,000. Los Angeles Capital Management LLC grew its stake in shares of Cboe Global Markets by 8.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock worth $137,024,000 after acquiring an additional 51,793 shares during the period. Washington Trust Advisors Inc. purchased a new stake in shares of Cboe Global Markets in the third quarter worth $144,000. SpiderRock Advisors LLC lifted its holdings in shares of Cboe Global Markets by 55.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 17,574 shares of the company’s stock worth $3,600,000 after acquiring an additional 6,276 shares during the last quarter. Finally, Consolidated Planning Corp bought a new position in Cboe Global Markets during the 3rd quarter valued at approximately $723,000. 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.