Cboe Global Markets (BATS:CBOE) Price Target Raised to $218.00

Cboe Global Markets (BATS:CBOE) had its target price increased by Barclays from $194.00 to $218.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on CBOE. Rosenblatt Securities raised their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a buy rating in a research report on Monday, May 6th. Morgan Stanley reissued an equal weight rating and issued a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Bank of America raised their target price on Cboe Global Markets from $200.00 to $204.00 and gave the stock a buy rating in a research report on Friday, April 19th. Oppenheimer raised their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock an outperform rating in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Cboe Global Markets from an underweight rating to a neutral rating and lifted their price target for the company from $168.00 to $195.00 in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $193.33.

Cboe Global Markets Stock Performance

Shares of CBOE traded up $1.73 on Monday, reaching $198.00. 1,589,000 shares of the company’s stock traded hands, compared to its average volume of 636,231. 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 stock has a market cap of $21.00 billion, a PE ratio of 101.17 and a beta of 0.61. The stock’s 50 day simple moving average is $175.75 and its two-hundred day simple moving average is $180.82. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00.

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

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.11%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,073 shares of Cboe Global Markets stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares in the company, valued at $1,455,227.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the sale, the executive vice president now owns 7,573 shares of the company’s stock, valued at $1,455,227.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,065 shares of company stock worth $3,145,291. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Isthmus Partners LLC acquired a new position in shares of Cboe Global Markets in the second quarter worth about $109,000. Illinois Municipal Retirement Fund raised its position in shares of Cboe Global Markets by 387.8% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 53,414 shares of the company’s stock worth $9,084,000 after purchasing an additional 42,463 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Cboe Global Markets by 66.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. National Bank of Canada FI raised its position in shares of Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Cboe Global Markets by 36.2% during the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.