Barclays Cuts Cboe Global Markets (BATS:CBOE) Price Target to $230.00

Cboe Global Markets (BATS:CBOE) had its price target cut by Barclays from $239.00 to $230.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also weighed in on CBOE. Piper Sandler boosted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen started coverage on Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $208.58.

Cboe Global Markets Price Performance

CBOE opened at $200.91 on Monday. The business has a fifty day moving average of $209.59 and a 200 day moving average of $192.02. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $21.31 billion, a P/E ratio of 103.56 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 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 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has authorized a share buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jill Griebenow sold 1,622 shares of the company’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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, 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. Over the last ninety days, insiders sold 7,696 shares of company stock worth $1,591,160. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its holdings in shares of Cboe Global Markets by 13.2% in the first quarter. Sequoia Financial Advisors LLC now owns 1,552 shares of the company’s stock valued at $285,000 after purchasing an additional 181 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cboe Global Markets by 1.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,079 shares of the company’s stock valued at $4,240,000 after purchasing an additional 273 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Cboe Global Markets by 52.3% in the first quarter. Janney Montgomery Scott LLC now owns 28,279 shares of the company’s stock valued at $5,196,000 after purchasing an additional 9,712 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Cboe Global Markets by 14.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,029 shares of the company’s stock valued at $740,000 after purchasing an additional 523 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $148,000. 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.