Barclays Raises Cboe Global Markets (BATS:CBOE) Price Target to $239.00

Cboe Global Markets (BATS:CBOE) had its target price raised by Barclays from $218.00 to $239.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts also recently issued reports on CBOE. Royal Bank of Canada reaffirmed a sector perform rating and set a $220.00 price objective on shares of Cboe Global Markets in a report on Friday, October 4th. Oppenheimer raised their price objective 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. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a market perform rating in a research note on Monday, August 5th. Piper Sandler reiterated an overweight rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Finally, TD Cowen started coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a hold rating and a $205.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of Hold and a consensus target price of $207.25.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $206.70 on Monday. Cboe Global Markets has a 52 week low of $103.82 and a 52 week high of $139.00. 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 has a market capitalization of $21.92 billion, a P/E ratio of 106.54 and a beta of 0.61. The firm’s 50 day moving average is $207.05 and its two-hundred day moving average is $187.92.

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

Cboe Global Markets declared that its board has initiated a share repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Increases Dividend

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

Insider Buying and Selling

In other news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock worth $3,604,822 over the last ninety days. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors have recently made changes to their positions in CBOE. FinTrust Capital Advisors LLC boosted its stake in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the period. ORG Partners LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Cboe Global Markets during the first quarter worth about $42,000. Riverview Trust Co bought a new position in Cboe Global Markets during the 1st quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets during the second quarter worth $51,000. Institutional investors 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.