Cboe Global Markets (BATS:CBOE) PT Raised to $220.00 at Piper Sandler

Cboe Global Markets (BATS:CBOE) had its price target hoisted by Piper Sandler from $210.00 to $220.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 7.03% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Barclays lifted their price target on shares of Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer upped their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. TD Cowen began coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $207.25.

Cboe Global Markets Stock Down 0.9 %

CBOE stock opened at $205.55 on Tuesday. The company’s 50 day moving average is $206.64 and its two-hundred day moving average is $187.79. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $21.80 billion, a P/E ratio of 105.95 and a beta of 0.61.

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

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

Insider Buying and Selling

In other news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred 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 directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,261 shares of company stock worth $3,604,822. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of Cboe Global Markets by 18.4% in the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after acquiring an additional 5,458 shares during the last quarter. Nordea Investment Management AB increased its stake in Cboe Global Markets by 15.2% in the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after purchasing an additional 55,859 shares in the last quarter. Cim LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth about $1,138,000. Americana Partners LLC raised its holdings in Cboe Global Markets by 3.8% during the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Cboe Global Markets during the second quarter valued at about $1,359,000. 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.