Cboe Global Markets (BATS:CBOE) Price Target Raised to $288.00

Cboe Global Markets (BATS:CBOE) had its price objective raised by JPMorgan Chase & Co. from $277.00 to $288.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms have also weighed in on CBOE. UBS Group upped their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Cowen lifted their price target on shares of Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Loop Capital set a $304.00 target price on Cboe Global Markets in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $300.73.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $296.52 on Tuesday. The stock’s fifty day simple moving average is $280.97 and its 200 day simple moving average is $290.37. Cboe Global Markets has a one year low of $227.15 and a one year high of $371.18. The firm has a market cap of $31.45 billion, a price-to-earnings ratio of 152.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 earnings per share. On average, analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently made changes to their positions in CBOE. Oregon Public Employees Retirement Fund grew its stake in shares of Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after acquiring an additional 33 shares during the period. Kendall Capital Management raised its holdings in shares of Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after purchasing an additional 40 shares during the last quarter. SHUTTLEWORTH & Co lifted its position in Cboe Global Markets by 0.5% during the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after purchasing an additional 41 shares during the period. Arkadios Wealth Advisors lifted its position in Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after purchasing an additional 41 shares during the period. Finally, Norinchukin Bank The boosted its holdings in Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.