Analysts Set Cboe Global Markets, Inc. (BATS:CBOE) Price Target at $208.75

Cboe Global Markets, Inc. (BATS:CBOE) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $208.58.

Several research analysts have recently commented on CBOE shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research report on Monday. Piper Sandler boosted their price target 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. Barclays reduced their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday. Oppenheimer upped their target price on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a research report on Monday, August 5th.

Cboe Global Markets Price Performance

CBOE opened at $212.37 on Friday. The business has a fifty day moving average of $209.57 and a 200 day moving average of $191.79. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $22.52 billion, a P/E ratio of 109.47 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping 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 business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same period in the prior year, the business earned $2.06 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.19%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

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

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated 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 directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was 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 in the company, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,696 shares of company stock worth $1,591,160. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its position in Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the period. Nordea Investment Management AB grew its holdings in shares of 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 acquiring an additional 55,859 shares during the period. Americana Partners LLC grew its holdings in shares of Cboe Global Markets by 3.8% in the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after acquiring an additional 90 shares during the period. XTX Topco Ltd acquired a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $1,359,000. Finally, Burney Co. grew its holdings in shares of Cboe Global Markets by 59.9% in the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock worth $954,000 after acquiring an additional 2,102 shares during the period. Institutional investors and hedge funds 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.