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

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $199.64.

A number of equities analysts have commented on CBOE shares. Oppenheimer increased their target price on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Barclays increased their price target on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a legal filing with the SEC, 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 on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The disclosure for this sale can be found here. Insiders have sold a total of 24,261 shares of company stock worth $4,654,822 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently made changes to their positions in the company. Accuvest Global Advisors acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $345,000. Hilltop Holdings Inc. grew its holdings in shares of Cboe Global Markets by 1.8% during the fourth quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock worth $2,985,000 after buying an additional 298 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Cboe Global Markets by 18.4% during the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after buying an additional 5,458 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Cboe Global Markets by 15.2% during the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after buying an additional 55,859 shares during the last quarter. Finally, Cim LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth about $1,138,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 1.8 %

Shares of CBOE stock opened at $213.27 on Friday. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The stock’s fifty day moving average price is $197.13 and its 200 day moving average price is $185.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 109.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the prior year, the business earned $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.