Cboe Global Markets (BATS:CBOE) Receives “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Cboe Global Markets (BATS:CBOE) in a research report report published on Monday, Benzinga reports. They currently have a $220.00 target price on the stock.

A number of other equities analysts have also weighed in on CBOE. Piper Sandler increased their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Barclays decreased their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday. Oppenheimer raised their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, TD Cowen started coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $208.58.

Cboe Global Markets Price Performance

BATS:CBOE opened at $200.91 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. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The firm has a market cap of $21.31 billion, a P/E ratio of 103.56 and a beta of 0.61. The business’s 50-day moving average price is $209.59 and its 200 day moving average price is $192.02.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. During the same quarter last year, the company posted $2.06 EPS. Cboe Global Markets’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets will post 6.41 earnings per share 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 issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.25%. Cboe Global Markets’s dividend payout ratio is 98.97%.

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

Insider Activity

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated 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 sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $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. Insiders sold a total of 7,696 shares of company stock worth $1,591,160 in the last three months. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC raised its stake in shares of Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. ORG Partners LLC bought a new position in Cboe Global Markets in the 2nd quarter worth approximately $30,000. Friedenthal Financial bought a new position in Cboe Global Markets in the 3rd quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets in the 2nd quarter worth approximately $51,000. Finally, GPS Wealth Strategies Group LLC increased its position in Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after buying an additional 123 shares during the period. 81.73% of the stock is owned by 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.