Cboe Global Markets’ (CBOE) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Cboe Global Markets (BATS:CBOE) in a research note published on Monday,Benzinga reports. Royal Bank of Canada currently has a $220.00 price objective on the stock.

CBOE has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on shares of 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. 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 cut their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Oppenheimer boosted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $208.58.

Cboe Global Markets Stock Down 0.6 %

Shares of BATS:CBOE opened at $200.24 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. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The firm has a market capitalization of $21.24 billion, a P/E ratio of 103.56 and a beta of 0.61. The stock has a 50 day moving average price of $209.43 and a 200-day moving average price of $192.08.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. As a group, equities research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

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

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.26%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insiders Place Their Bets

In other news, CFO Jill Griebenow sold 1,622 shares of the business’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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,696 shares of company stock worth $1,591,160. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its holdings in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares during the period. ORG Partners LLC purchased a new position in shares of Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial purchased a new position in shares of Cboe Global Markets in the third quarter valued at about $49,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $51,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.