Cboe Global Markets (BATS:CBOE) Price Target Lowered to $230.00 at Barclays

Cboe Global Markets (BATS:CBOE) had its price target lowered by Barclays from $239.00 to $230.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. TD Cowen assumed coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Friday, October 4th. Oppenheimer increased their price target on shares of 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, Piper Sandler raised their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $208.58.

Cboe Global Markets Trading Down 5.3 %

Shares of CBOE stock opened at $200.91 on Monday. 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 cap of $21.31 billion, a PE ratio of 103.56 and a beta of 0.61. The company has a 50-day moving average of $209.59 and a two-hundred day moving average of $192.02. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. On average, analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.25%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a stock buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the 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 transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, 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 transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,696 shares of company stock worth $1,591,160 over the last three months. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of CBOE. FinTrust Capital Advisors LLC grew its position in 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 buying an additional 85 shares during the last quarter. ORG Partners LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at $30,000. Friedenthal Financial purchased a new position in Cboe Global Markets in the 3rd quarter valued at $49,000. Ashton Thomas Private Wealth LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at $51,000. Finally, GPS Wealth Strategies Group LLC grew 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 valued at $56,000 after buying an additional 123 shares during the last quarter. 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.