Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $245.00

Cboe Global Markets (NASDAQ:CBOE) had its target price raised by Piper Sandler from $234.00 to $245.00 in a research note published on Monday, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

CBOE has been the topic of a number of other research reports. Loop Capital set a $260.00 price target on Cboe Global Markets in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. William Blair assumed coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $223.36.

Cboe Global Markets Stock Performance

CBOE stock opened at $234.23 on Monday. Cboe Global Markets has a one year low of $166.13 and a one year high of $236.00. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.75 and a beta of 0.44. The firm’s 50 day moving average price is $216.72. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $2.15 EPS. Equities research analysts predict that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.63 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.08%. Cboe Global Markets’s payout ratio is 33.03%.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $2,380,529 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Cboe Global Markets during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $29,000. Greenline Partners LLC acquired a new position in shares of Cboe Global Markets during the 4th quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

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.