Oppenheimer Increases Cboe Global Markets (BATS:CBOE) Price Target to $227.00

Cboe Global Markets (BATS:CBOE) had its target price boosted by Oppenheimer from $209.00 to $227.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 7.47% from the company’s current price.

Several other research analysts have also issued reports on the company. Barclays boosted their target price on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $208.75.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $211.22 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average is $207.76 and its 200 day moving average is $188.59. The firm has a market capitalization of $22.40 billion, a PE ratio of 108.88 and a beta of 0.61. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.05. The business had revenue of $513.80 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, sell-side 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 buyback plan on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction dated 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 directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction 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 directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock valued at $3,604,822 over the last ninety days. 0.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently bought and sold shares of the company. Swedbank AB lifted its stake in Cboe Global Markets by 305.2% during the 3rd quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after acquiring an additional 71,097 shares during the period. Creative Planning raised its holdings in shares of Cboe Global Markets by 79.5% during the third quarter. Creative Planning now owns 15,427 shares of the company’s stock worth $3,161,000 after purchasing an additional 6,831 shares during the last quarter. CX Institutional lifted its position in Cboe Global Markets by 7.2% during the third quarter. CX Institutional now owns 5,661 shares of the company’s stock valued at $1,160,000 after purchasing an additional 381 shares during the period. Martin Capital Advisors LLP boosted its holdings in Cboe Global Markets by 8.0% in the third quarter. Martin Capital Advisors LLP now owns 1,631 shares of the company’s stock valued at $334,000 after purchasing an additional 121 shares during the last quarter. Finally, Crestmont Private Wealth LLC purchased a new stake in Cboe Global Markets in the third quarter valued at $212,000. Hedge funds and other institutional investors 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.