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

Royal Bank of Canada reiterated their sector perform rating on shares of Cboe Global Markets (BATS:CBOE) in a research note issued to investors on Monday,Benzinga reports. Royal Bank of Canada currently has a $220.00 price target on the stock.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded 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 research report on Monday, August 5th. Barclays dropped 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. Finally, TD Cowen started coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $208.58.

Cboe Global Markets Stock Down 0.6 %

CBOE opened at $200.24 on Monday. The company has a market capitalization of $21.24 billion, a PE ratio of 103.56 and a beta of 0.61. The firm has a 50-day simple moving average of $209.43 and a two-hundred day simple moving average of $192.08. 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.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 earnings per share. Analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

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

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In related news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was 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 $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction 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 owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,696 shares of company stock worth $1,591,160 over the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI grew its stake in Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after purchasing an additional 5,458 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of Cboe Global Markets by 3.8% in the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock valued at $416,000 after buying an additional 90 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $1,359,000. Burney Co. raised its stake in shares of Cboe Global Markets by 59.9% during the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock worth $954,000 after acquiring an additional 2,102 shares in the last quarter. Finally, Swedbank AB lifted its position in Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after acquiring an additional 71,097 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

About Cboe Global Markets

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.