Cboe Global Markets’ (CBOE) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Cboe Global Markets (BATS:CBOE) in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a $210.00 target price on the stock, up from their prior target price of $203.00.

CBOE has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an underweight rating to a neutral rating and upped their price objective for the company from $168.00 to $195.00 in a report on Monday. Oppenheimer reissued an outperform rating and issued a $206.00 price target on shares of Cboe Global Markets in a research report on Monday, May 6th. Morgan Stanley restated an equal weight rating and set a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Bank of America lifted their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a buy rating in a research note on Friday, April 19th. Finally, Rosenblatt Securities boosted their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a buy rating in a report on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of Hold and a consensus price target of $193.33.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE traded up $1.73 during mid-day trading on Monday, reaching $198.00. The company had a trading volume of 1,589,169 shares, compared to its average volume of 636,231. Cboe Global Markets has a one year low of $103.82 and a one year high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $175.75 and its 200-day moving average price is $180.82. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 101.17 and a beta of 0.61.

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

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.55 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now directly owns 4,656 shares in the company, valued at approximately $861,639.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,065 shares of company stock valued at $3,145,291. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several institutional investors have recently added to or reduced their stakes in CBOE. Monument Capital Management purchased a new stake in Cboe Global Markets during the 4th quarter valued at about $215,000. Illinois Municipal Retirement Fund grew its holdings in shares of Cboe Global Markets by 30.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,004 shares of the company’s stock worth $1,429,000 after purchasing an additional 1,883 shares during the last quarter. Accuvest Global Advisors purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $345,000. Seelaus Asset Management LLC bought a new stake in Cboe Global Markets during the 4th quarter valued at $352,000. Finally, Hilltop Holdings Inc. boosted its position in Cboe Global Markets by 1.8% during the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock valued at $2,985,000 after buying an additional 298 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

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.