Cboe Global Markets (BATS:CBOE) Earns Hold Rating from Analysts at TD Cowen

TD Cowen initiated coverage on shares of Cboe Global Markets (BATS:CBOE) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $205.00 price objective on the stock.

Several other research firms have also commented on CBOE. Oppenheimer increased their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an outperform rating in a research note on Monday, August 5th. Piper Sandler reaffirmed an overweight rating and issued a $210.00 price objective (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a market perform rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an underweight rating to a neutral rating and raised their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Barclays raised their price objective 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. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of Hold and an average price target of $201.62.

Cboe Global Markets Stock Down 1.4 %

CBOE stock opened at $202.60 on Thursday. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a market cap of $21.49 billion, a PE ratio of 104.43 and a beta of 0.61. The firm has a 50 day simple moving average of $202.98 and a 200 day simple moving average of $186.36. 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 earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $514.51 million. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a share repurchase plan on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 2,500 shares of the firm’s 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 owns 15,073 shares in the company, valued at approximately $2,813,676.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dave Howson sold 2,500 shares of the firm’s 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 owns 15,073 shares in the company, valued at approximately $2,813,676.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock valued at $3,604,822 in the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its holdings in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the period. Optiver Holding B.V. bought a new position in Cboe Global Markets in the 4th quarter worth $29,000. ORG Partners LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets in the 1st quarter worth $42,000. Finally, Riverview Trust Co bought a new position in Cboe Global Markets in the 1st quarter worth $44,000. 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.