Cboe Global Markets’ (CBOE) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Cboe Global Markets (BATS:CBOE) in a research report released on Friday morning, Benzinga reports. The brokerage currently has a $220.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Oppenheimer raised their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock an outperform rating in a report on Monday, August 5th. Barclays raised their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an overweight rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a hold rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a market perform rating in a research report on Monday, August 5th. Finally, TD Cowen assumed coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a hold rating and a $205.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of Hold and a consensus price target of $206.42.

Cboe Global Markets Price Performance

BATS CBOE opened at $207.24 on Friday. The company has a 50 day moving average price of $205.34 and a two-hundred day moving average price of $187.31. 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 12-month low of $103.82 and a 12-month high of $139.00. The stock has a market capitalization of $21.98 billion, a PE ratio of 108.46 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. As a group, equities analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has approved a share repurchase program on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling

In other news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the 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 of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock worth $3,604,822 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CBOE. Miracle Mile Advisors LLC purchased a new position in Cboe Global Markets during the 3rd quarter valued at about $205,000. GAMMA Investing LLC grew its stake in Cboe Global Markets by 91.3% during the third quarter. GAMMA Investing LLC now owns 1,693 shares of the company’s stock valued at $347,000 after acquiring an additional 808 shares in the last quarter. Czech National Bank increased its holdings in Cboe Global Markets by 6.4% during the 3rd quarter. Czech National Bank now owns 21,315 shares of the company’s stock worth $4,367,000 after acquiring an additional 1,276 shares during the period. Handelsbanken Fonder AB lifted its stake in Cboe Global Markets by 11.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,759 shares of the company’s stock worth $6,073,000 after purchasing an additional 3,054 shares in the last quarter. Finally, Cim LLC boosted its holdings in Cboe Global Markets by 3.4% in the 2nd quarter. Cim LLC now owns 5,998 shares of the company’s stock valued at $1,020,000 after purchasing an additional 200 shares during the period. Institutional investors own 81.73% of the company’s stock.

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.