Analysts Set Cboe Global Markets, Inc. (BATS:CBOE) Target Price at $209.42

Cboe Global Markets, Inc. (BATS:CBOE) has earned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $209.42.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 4th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Barclays decreased their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. TD Cowen assumed coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. Finally, Piper Sandler upped their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Insiders Place Their Bets

In other 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 completion of the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. boosted its holdings in shares of Cboe Global Markets by 13.6% during the third quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock worth $8,913,000 after purchasing an additional 5,200 shares during the period. Financial Counselors Inc. purchased a new stake in Cboe Global Markets in the 3rd quarter worth approximately $328,000. Public Sector Pension Investment Board boosted its stake in shares of Cboe Global Markets by 2.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock valued at $3,728,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cboe Global Markets by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock valued at $11,018,000 after acquiring an additional 1,753 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of Cboe Global Markets by 106.5% in the third quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock worth $954,000 after acquiring an additional 2,402 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $215.85 on Thursday. The company has a 50-day moving average price of $208.42 and a two-hundred day moving average price of $195.08. Cboe Global Markets has a 52 week low of $103.82 and a 52 week high of $139.00. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 111.26 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. During the same period in the prior year, the company posted $2.06 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts forecast that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share buyback program on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is 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.