Brokerages Set Cboe Global Markets, Inc. (BATS:CBOE) PT at $208.75

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $208.58.

CBOE has been the topic of a number of recent research reports. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Cboe Global Markets from $214.00 to $212.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Oppenheimer increased their price target on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th.

Cboe Global Markets Stock Down 1.5 %

Shares of CBOE stock opened at $196.86 on Friday. The stock’s 50-day simple moving average is $209.13 and its 200-day simple moving average is $192.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $20.88 billion, a PE ratio of 101.47 and a beta of 0.61. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

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

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.28%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 have sold a total of 7,696 shares of company stock worth $1,591,160 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. increased its holdings in shares of Cboe Global Markets by 2.9% in the third quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock valued at $379,000 after purchasing an additional 52 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Cboe Global Markets by 12.2% in the third quarter. Intech Investment Management LLC now owns 123,286 shares of the company’s stock valued at $25,258,000 after purchasing an additional 13,421 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Cboe Global Markets by 9.9% in the third quarter. Advisors Asset Management Inc. now owns 12,058 shares of the company’s stock valued at $2,470,000 after purchasing an additional 1,082 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Cboe Global Markets by 1,338.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,057 shares of the company’s stock valued at $7,797,000 after purchasing an additional 35,411 shares during the last quarter. Finally, West Family Investments Inc. increased its stake in Cboe Global Markets by 7.9% during the third quarter. West Family Investments Inc. now owns 3,334 shares of the company’s stock worth $683,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.