Barclays Has Lowered Expectations for Cboe Global Markets (BATS:CBOE) Stock Price

Cboe Global Markets (BATS:CBOE) had its target price decreased by Barclays from $239.00 to $230.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research firms have also commented on CBOE. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $208.58.

Cboe Global Markets Trading Down 0.6 %

Shares of CBOE opened at $200.24 on Monday. The stock has a 50 day simple moving average of $209.43 and a 200-day simple moving average of $192.08. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $21.24 billion, a PE ratio of 103.56 and a beta of 0.61. 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 earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 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 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 EPS. On average, sell-side analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

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 is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets announced that its board has approved a share buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’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 sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,696 shares of company stock valued at $1,591,160. 0.51% of the stock is owned by company insiders.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC grew its position in Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial bought a new stake in Cboe Global Markets during the third quarter worth about $49,000. Ashton Thomas Private Wealth LLC acquired a new position in Cboe Global Markets during the second quarter valued at approximately $51,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after buying an additional 123 shares during the last quarter. 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.