Cboe Global Markets (BATS:CBOE) Research Coverage Started at TD Cowen

Equities researchers at TD Cowen assumed coverage on shares of Cboe Global Markets (BATS:CBOE) in a report released on Thursday, MarketBeat.com reports. The brokerage set a “hold” rating and a $205.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 0.99% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Oppenheimer raised their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays lifted their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $200.08.

Cboe Global Markets Stock Down 1.8 %

Shares of CBOE opened at $202.99 on Thursday. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 104.63 and a beta of 0.61. Cboe Global Markets has a 52 week low of $103.82 and a 52 week high of $139.00. The stock’s 50-day moving average price is $202.23 and its 200-day moving average price is $186.08. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

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 buy up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the 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 directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jill Griebenow sold 1,622 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBOE. Cim LLC increased its stake in shares of Cboe Global Markets by 3.4% during the second quarter. Cim LLC now owns 5,998 shares of the company’s stock worth $1,020,000 after buying an additional 200 shares during the period. Sanctuary Advisors LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $1,134,000. Truist Financial Corp lifted its stake in Cboe Global Markets by 11.1% during the second quarter. Truist Financial Corp now owns 25,625 shares of the company’s stock worth $4,358,000 after purchasing an additional 2,550 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Cboe Global Markets by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after buying an additional 56 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. acquired a new position in Cboe Global Markets in the second quarter valued at $261,000. 81.73% of the stock is currently 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.