Cboe Global Markets (NASDAQ:CBOE) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from an underweight rating to an overweight rating in a research note released on Tuesday morning, MarketBeat reports. Morgan Stanley currently has $235.00 price target on the stock.

Several other equities analysts have also commented on the stock. Oppenheimer lowered their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Barclays raised their price target on shares of Cboe Global Markets from $216.00 to $232.00 and gave the company an “equal weight” rating in a research note on Monday. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $219.30.

Cboe Global Markets Stock Up 0.4 %

CBOE opened at $208.13 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $212.52. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the company posted $2.06 earnings per share. Research analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is presently 34.90%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the stock. Greenline Partners LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $29,000. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets during the 4th quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC acquired a new position in shares of Cboe Global Markets in the fourth quarter worth about $36,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $37,000. 82.67% of the stock is owned by institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.