Cboe Global Markets (BATS:CBOE) Price Target Raised to $357.00

Cboe Global Markets (BATS:CBOE – Free Report) had its target price boosted by Wells Fargo & Company from $309.00 to $357.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on the company. Loop Capital set a $332.00 price target on Cboe Global Markets in a research note on Wednesday, October 28th. The Goldman Sachs Group raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a report on Wednesday, October 28th. TD Cowen raised their price objective on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $363.00.

Read Our Latest Stock Analysis on Cboe Global Markets

Cboe Global Markets Trading Up 0.3%

CBOE stock opened at $345.21 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12-month low of $227.15 and a 12-month high of $371.18. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 177.94 and a beta of 0.61. The business’s 50-day moving average is $297.03 and its 200 day moving average is $293.02.

Cboe Global Markets (BATS:CBOE – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $712.20 million during the quarter, compared to analyst estimates of $705.22 million. During the same period in the previous year, the business earned $2.67 EPS. Cboe Global Markets’s quarterly revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback program on Thursday, October 22nd that authorizes the company to buy back $550 million in shares. This buyback authorization authorizes the company to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new stake in shares of Cboe Global Markets in the 2nd quarter worth $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $27,000. NFSG Corp acquired a new position in shares of Cboe Global Markets during the 1st quarter valued at about $31,000. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of Cboe Global Markets by 11,300.0% in the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Key Cboe Global Markets News

Here are the key news stories impacting Cboe Global Markets this week:

Cboe Global Markets Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Cboe Global Markets (BATS:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.