Cboe Global Markets (BATS:CBOE) Coverage Initiated at TD Cowen

Stock analysts at TD Cowen began coverage on shares of Cboe Global Markets (BATS:CBOE) in a research report issued on Thursday, MarketBeat reports. The brokerage set a “hold” rating and a $205.00 price target on the stock. TD Cowen’s price target indicates a potential upside of 1.17% from the stock’s previous close.

Several other research firms have also recently weighed in on CBOE. Keefe, Bruyette & Woods lifted their price target 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. Barclays lifted their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Oppenheimer raised their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $201.62.

Cboe Global Markets Trading Down 1.4 %

Shares of CBOE opened at $202.63 on Thursday. The firm’s 50 day simple moving average is $202.98 and its 200 day simple moving average is $186.33. The company has a market capitalization of $21.49 billion, a P/E ratio of 104.45 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 has a 1-year low of $103.82 and a 1-year high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same period last year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side 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 has approved a share repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related 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 value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related 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 value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,261 shares of company stock worth $3,604,822. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at $29,000. ORG Partners LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets during the first quarter valued at $42,000. Finally, Riverview Trust Co purchased a new position in shares of Cboe Global Markets during the first quarter valued at $44,000. Hedge funds and other 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.