Piper Sandler Raises Cboe Global Markets (BATS:CBOE) Price Target to $220.00

Cboe Global Markets (BATS:CBOE) had its price target raised by Piper Sandler from $210.00 to $220.00 in a research note released on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also weighed in on CBOE. Oppenheimer boosted their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an outperform rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an underweight rating to a neutral rating and boosted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a hold rating in a report on Thursday, August 15th. TD Cowen initiated coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They set a hold rating and a $205.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price 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. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $207.25.

Cboe Global Markets Trading Down 0.5 %

Shares of Cboe Global Markets stock opened at $205.73 on Tuesday. The firm has a market capitalization of $21.82 billion, a PE ratio of 106.05 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $207.29 and its 200 day moving average is $188.10. 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 announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. Equities research analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has approved a share buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CBOE. The Manufacturers Life Insurance Company raised its holdings in Cboe Global Markets by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 75,850 shares of the company’s stock worth $13,544,000 after buying an additional 2,375 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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. Personal CFO Solutions LLC acquired a new position in Cboe Global Markets during the fourth quarter worth $246,000. Nomura Holdings Inc. acquired a new position in Cboe Global Markets during the fourth quarter worth $12,640,000. Finally, Coastwise Capital Group LLC acquired a new position in Cboe Global Markets during the fourth quarter worth $226,000. 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.