Cboe Global Markets (BATS:CBOE) Price Target Raised to $198.00 at Keefe, Bruyette & Woods

Cboe Global Markets (BATS:CBOE) had its target price increased by Keefe, Bruyette & Woods from $197.00 to $198.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Bank of America upped their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a buy rating in a report on Friday, April 19th. Piper Sandler restated an overweight rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an underweight rating to a neutral rating and upped their target price for the company from $168.00 to $195.00 in a report on Monday. Morgan Stanley restated an equal weight rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Finally, Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a buy rating in a report on Monday, May 6th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $193.33.

Cboe Global Markets Price Performance

Shares of CBOE opened at $204.70 on Monday. 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 has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The company has a market cap of $21.71 billion, a P/E ratio of 105.52 and a beta of 0.61. The firm’s 50 day moving average price is $177.23 and its 200 day moving average price is $181.22.

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

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.07%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now owns 51,855 shares in the company, valued at approximately $9,074,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now owns 51,855 shares in the company, valued at approximately $9,074,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dave Howson sold 5,073 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares of the company’s stock, valued at approximately $1,455,227.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,965 shares of company stock worth $2,941,725. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $226,557,000. Perpetual Ltd acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $74,868,000. Allianz Asset Management GmbH grew its stake in Cboe Global Markets by 439.5% in the 4th quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock valued at $56,716,000 after acquiring an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Cboe Global Markets by 66.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after acquiring an additional 246,442 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after acquiring an additional 132,833 shares during the last quarter. Hedge funds and other 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.