Cboe Global Markets (BATS:CBOE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Cboe Global Markets (BATS:CBOE) from an underweight rating to an overweight rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $358.00 price objective on the stock, up from their prior price objective of $258.00.

CBOE has been the topic of several other reports. Piper Sandler dropped their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Loop Capital set a $343.00 price target on shares of Cboe Global Markets in a research report on Wednesday. TD Cowen upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the stock from $315.00 to $334.00 in a research note on Monday, October 5th. Finally, Wells Fargo & Company started coverage on shares of Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $320.45.

Cboe Global Markets Stock Performance

CBOE stock opened at $304.16 on Friday. The company has a market cap of $32.26 billion, a P/E ratio of 156.78 and a beta of 0.61. Cboe Global Markets has a 1 year low of $227.15 and a 1 year high of $371.18. 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 stock’s fifty day moving average price is $286.65 and its 200-day moving average price is $292.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. On average, equities analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Cboe Global Markets in the second quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets in the second quarter worth about $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $304,917,000. Legal & General Group Plc purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $175,870,000. Finally, Bank of America Corp DE purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $162,794,000. 81.73% of the stock is 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.