Oppenheimer Boosts Cboe Global Markets (BATS:CBOE) Price Target to $209.00

Cboe Global Markets (BATS:CBOE) had its target price hoisted by Oppenheimer from $199.00 to $209.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. Barclays reduced their target price on shares of Cboe Global Markets from $215.00 to $194.00 and set an overweight rating for the company in a report on Wednesday, July 10th. Bank of America upped their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a buy rating in a report on Friday, April 19th. Morgan Stanley reaffirmed an equal weight rating and set a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a buy rating in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. raised shares of 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 report on Monday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of Hold and an average price target of $193.33.

Cboe Global Markets Stock Up 1.2 %

CBOE opened at $204.70 on Monday. 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 firm has a 50 day moving average price of $177.23 and a 200-day moving average price of $181.22. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 105.52 and a beta of 0.61.

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

Cboe Global Markets Dividend Announcement

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

Insider Activity

In other news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at $9,074,625. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Dave Howson sold 2,392 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at approximately $2,386,817.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,965 shares of company stock valued at $2,941,725. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBOE. FinTrust Capital Advisors LLC increased its stake in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $29,000. Allworth Financial LP boosted its holdings in shares of Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. ORG Partners LLC acquired a new stake in Cboe Global Markets in the 2nd quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter worth approximately $42,000. Hedge funds and other 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.