Cboe Global Markets, Inc. (BATS:CBOE) Receives $209.42 Consensus Target Price from Brokerages

Shares of Cboe Global Markets, Inc. (BATS:CBOE) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $209.42.

CBOE has been the topic of a number of research analyst reports. Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Morgan Stanley lowered shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the company from $212.00 to $222.00 in a report on Monday, November 11th.

Insider Activity at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the business’s 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 sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Cboe Global Markets

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC acquired a new position in Cboe Global Markets during the second quarter valued at $30,000. Friedenthal Financial purchased a new stake in shares of Cboe Global Markets in the third quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $51,000. GPS Wealth Strategies Group LLC grew its position in Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after purchasing an additional 123 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Cboe Global Markets in the 3rd quarter valued at approximately $66,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $215.85 on Thursday. The company has a market capitalization of $22.89 billion, a PE ratio of 111.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company’s fifty day moving average price is $208.42 and its 200 day moving average price is $195.08. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate 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 company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. During the same period last year, the company earned $2.06 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

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

Cboe Global Markets announced that its Board of Directors has authorized a stock 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 repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors 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.