Oppenheimer Issues Positive Forecast for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE) had its price objective upped by Oppenheimer from $233.00 to $237.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

CBOE has been the topic of several other research reports. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 price target for the company in a report on Tuesday, April 8th. Bank of America reaffirmed a “neutral” rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $218.80.

Cboe Global Markets Stock Performance

CBOE opened at $215.09 on Friday. The stock’s fifty day simple moving average is $212.67. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $234.37.

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

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is 34.90%.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. 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 three months. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently modified their holdings of the stock. Curat Global LLC bought a new stake in Cboe Global Markets during the first quarter worth about $204,000. E. Ohman J or Asset Management AB raised its stake in shares of Cboe Global Markets by 14.0% during the 1st quarter. E. Ohman J or Asset Management AB now owns 177,344 shares of the company’s stock worth $40,131,000 after purchasing an additional 21,728 shares in the last quarter. Vest Financial LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $3,714,000. Unigestion Holding SA grew its stake in shares of Cboe Global Markets by 33.1% in the first quarter. Unigestion Holding SA now owns 75,244 shares of the company’s stock valued at $16,999,000 after buying an additional 18,733 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at $426,000. Institutional investors own 82.67% of the company’s stock.

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.