Deutsche Bank Aktiengesellschaft Cuts Cboe Global Markets (BATS:CBOE) Price Target to $212.00

Cboe Global Markets (BATS:CBOE) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $214.00 to $212.00 in a research note published on Monday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other brokerages also recently issued reports on CBOE. Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday. Piper Sandler increased their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. 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 report on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Monday. Finally, Oppenheimer increased their price target 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 issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $208.58.

Cboe Global Markets Trading Down 5.3 %

BATS CBOE opened at $200.91 on Monday. The stock has a 50-day simple moving average of $209.59 and a 200 day simple moving average of $192.02. The company has a market capitalization of $21.31 billion, a PE ratio of 103.56 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) 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 company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same period in the prior year, the company earned $2.06 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts forecast that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has approved a stock repurchase plan on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 1.25%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,696 shares of company stock valued at $1,591,160. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Institutional investors and hedge funds have recently bought and sold shares of the business. FinTrust Capital Advisors LLC raised its stake 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 buying an additional 85 shares during the period. ORG Partners LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $30,000. Friedenthal Financial bought a new stake in Cboe Global Markets in the third quarter valued at approximately $49,000. Ashton Thomas Private Wealth LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $51,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.