Cboe Global Markets (BATS:CBOE) Raised to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets (BATS:CBOE) from a hold rating to a buy rating in a research report released on Monday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $222.00 price target on the stock, up from their previous price target of $212.00.

CBOE has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Oppenheimer raised their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Barclays dropped their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Trading Down 1.2 %

BATS CBOE opened at $197.00 on Monday. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 101.55 and a beta of 0.61. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The firm’s fifty day moving average price is $208.50 and its 200 day moving average price is $192.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $2.06 earnings per share. On average, sell-side analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has authorized a share buyback program 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 programs are often an indication that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,696 shares of company stock worth $1,591,160 in the last ninety days. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several large investors have recently added to or reduced their stakes in CBOE. Glenmede Trust Co. NA grew its holdings in Cboe Global Markets by 221.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,351 shares of the company’s stock valued at $1,916,000 after buying an additional 6,442 shares during the period. Freedom Investment Management Inc. acquired a new stake in shares of Cboe Global Markets in the third quarter worth approximately $1,023,000. BNP Paribas Financial Markets grew its holdings in Cboe Global Markets by 215.7% in the third quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock valued at $77,070,000 after purchasing an additional 257,016 shares during the period. Brooklyn Investment Group acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at $66,000. Finally, Quantbot Technologies LP grew its stake in shares of Cboe Global Markets by 152.5% during the 3rd quarter. Quantbot Technologies LP now owns 38,955 shares of the company’s stock valued at $7,981,000 after buying an additional 23,526 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

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.