Piper Sandler Reiterates “Overweight” Rating for Cboe Global Markets (BATS:CBOE)

Piper Sandler restated their overweight rating on shares of Cboe Global Markets (BATS:CBOE) in a report issued on Monday morning, Benzinga reports. They currently have a $210.00 target price on the stock, up from their prior target price of $203.00.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an underweight rating to a neutral rating and increased their price target for the company from $168.00 to $195.00 in a report on Monday. Rosenblatt Securities increased their price target 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. Oppenheimer reissued an outperform rating and issued a $206.00 price target on shares of Cboe Global Markets in a report on Monday, May 6th. Bank of America increased their price target 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. Finally, Morgan Stanley reissued an equal weight rating and issued a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of Hold and a consensus target price of $193.33.

Cboe Global Markets Trading Up 1.2 %

Shares of BATS:CBOE opened at $204.70 on Monday. The company’s 50-day moving average price is $177.23 and its two-hundred day moving average price is $181.22. 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 has a one year low of $103.82 and a one year high of $139.00. The stock has a market capitalization of $21.71 billion, a PE ratio of 105.52 and a beta of 0.61.

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

Cboe Global Markets Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer now owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,965 shares of company stock worth $2,941,725. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in CBOE. Norges Bank bought a new position in shares of Cboe Global Markets during the fourth quarter valued at $226,557,000. Charles Schwab Investment Management Inc. raised its stake in shares of Cboe Global Markets by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,186 shares of the company’s stock valued at $151,274,000 after acquiring an additional 16,224 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Cboe Global Markets by 4.4% during the second quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after acquiring an additional 35,336 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after buying an additional 246,442 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Cboe Global Markets by 19.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after buying an additional 85,433 shares during the last quarter. 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.