Cboe Global Markets (BATS:CBOE) Price Target Raised to $392.00

Cboe Global Markets (BATS:CBOE – Free Report) had its price objective increased by Barclays from $343.00 to $392.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. TD Cowen upped their target price on shares of Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research note on Monday. Loop Capital set a $332.00 price target on Cboe Global Markets in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Piper Sandler lowered their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $363.00.

Get Our Latest Analysis on CBOE

Cboe Global Markets Trading Up 0.3%

CBOE opened at $345.21 on Monday. The stock has a market capitalization of $36.61 billion, a PE ratio of 177.94 and a beta of 0.61. The firm’s fifty day moving average price is $297.03 and its 200 day moving average price is $293.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.20. The company had revenue of $712.20 million during the quarter, compared to analyst estimates of $705.22 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $2.67 EPS. As a group, research analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its board has approved a stock buyback plan on Thursday, October 22nd that allows the company to repurchase $550 million in shares. This repurchase authorization allows the company to repurchase up to 1.6% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

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

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $2,474,799,000. Deutsche Bank AG bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $491,465,000. Jupiter Topco LLC acquired a new position in Cboe Global Markets during the 2nd quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in Cboe Global Markets by 2.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after purchasing an additional 17,321 shares during the period. Institutional investors own 81.73% of the company’s stock.

Key Headlines Impacting Cboe Global Markets

Here are the key news stories impacting Cboe Global Markets this week:

Cboe Global Markets Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cboe Global Markets (BATS:CBOE)

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