Cboe Global Markets (BATS:CBOE) Coverage Initiated at TD Cowen

Equities research analysts at TD Cowen initiated coverage on shares of Cboe Global Markets (BATS:CBOE) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “hold” rating and a $205.00 price target on the stock. TD Cowen’s price target would indicate a potential upside of 1.17% from the company’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Barclays raised their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $201.62.

Cboe Global Markets Price Performance

CBOE opened at $202.63 on Thursday. The business’s 50-day moving average is $202.98 and its two-hundred day moving average is $186.33. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $21.49 billion, a PE ratio of 104.45 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has approved a share buyback program on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value 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 $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value 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 $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock valued at $3,604,822 over the last quarter. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CBOE. Regal Investment Advisors LLC increased its position in shares of Cboe Global Markets by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after buying an additional 56 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Cboe Global Markets by 9.7% in the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after buying an additional 63 shares in the last quarter. Marion Wealth Management increased its position in shares of Cboe Global Markets by 0.7% in the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after buying an additional 76 shares in the last quarter. Kendall Capital Management increased its position in shares of Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after buying an additional 80 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of Cboe Global Markets by 4.3% in the first quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after buying an additional 83 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

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.