Cboe Global Markets (BATS:CBOE) Price Target Raised to $198.00 at Keefe, Bruyette & Woods

Cboe Global Markets (BATS:CBOE) had its target price increased by Keefe, Bruyette & Woods from $197.00 to $198.00 in a research note released on Monday morning, Benzinga reports. They currently have a market perform rating on the stock.

CBOE has been the topic of a number of other research reports. Rosenblatt Securities upped their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a buy rating in a report on Monday, May 6th. Piper Sandler restated an overweight rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday. Barclays cut their price target on Cboe Global Markets from $215.00 to $194.00 and set an overweight rating on the stock in a research note on Wednesday, July 10th. Bank of America upped their price target on Cboe Global Markets from $200.00 to $204.00 and gave the stock a buy rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. upgraded Cboe Global Markets from an underweight rating to a neutral rating and upped their price target for the stock from $168.00 to $195.00 in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $193.33.

Cboe Global Markets Trading Up 1.2 %

Shares of CBOE stock opened at $204.70 on Monday. Cboe Global Markets has a 12-month low of $103.82 and a 12-month 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 business has a 50-day moving average price of $177.23 and a two-hundred day moving average price of $181.22. The firm has a market cap of $21.71 billion, a P/E ratio of 105.52 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the company posted $1.78 EPS. Cboe Global Markets’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.07%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity at Cboe Global Markets

In other news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,965 shares of company stock valued at $2,941,725. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in Cboe Global Markets by 9.7% during the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after acquiring an additional 63 shares during the period. Allworth Financial LP raised its holdings in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after acquiring an additional 73 shares during the period. Marion Wealth Management raised its holdings in Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after acquiring an additional 76 shares during the period. Motley Fool Asset Management LLC raised its holdings in Cboe Global Markets by 4.3% during the first quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after acquiring an additional 83 shares during the period. Finally, Texas Permanent School Fund Corp raised its holdings in Cboe Global Markets by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after acquiring an additional 84 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

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.