Cboe Global Markets, Inc. (BATS:CBOE) Receives $199.64 Average PT from Analysts

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $199.64.

CBOE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Barclays raised their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Oppenheimer raised their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets 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 completion of the transaction, the chief operating officer now owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock worth $4,654,822 over the last 90 days. 0.51% of the stock is owned by insiders.

Institutional Trading of Cboe Global Markets

Several institutional investors have recently modified their holdings of the stock. Regal Investment Advisors LLC lifted its position in shares of Cboe Global Markets by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after buying an additional 56 shares during the last quarter. First Horizon Advisors Inc. raised its position in Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Marion Wealth Management raised its position in Cboe Global Markets by 0.7% in the 1st quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares during the last quarter. Kendall Capital Management raised its position in Cboe Global Markets by 0.9% in the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after purchasing an additional 80 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its position in Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 1.1 %

Shares of Cboe Global Markets stock opened at $211.22 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12-month low of $103.82 and a 12-month high of $139.00. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 108.88 and a beta of 0.61. The firm’s 50 day simple moving average is $198.86 and its two-hundred day simple moving average is $185.39.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The firm 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 business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 earnings per share. Analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is currently 98.97%.

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.