Cboe Global Markets (BATS:CBOE) Given Sector Perform Rating at Royal Bank of Canada

Cboe Global Markets (BATS:CBOE)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank of Canada in a report issued on Monday, Benzinga reports. They presently have a $220.00 target price on the stock. Royal Bank of Canada’s price objective points to a potential upside of 4.76% from the stock’s previous close.

CBOE has been the subject of a number of other research reports. Oppenheimer increased their target price on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler raised their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen began coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $208.00.

Cboe Global Markets Price Performance

Shares of CBOE stock traded down $3.57 during mid-day trading on Monday, reaching $210.00. The company’s stock had a trading volume of 1,295,666 shares, compared to its average volume of 636,231. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a market cap of $22.27 billion, a P/E ratio of 108.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day moving average is $209.64 and its two-hundred day moving average is $191.56.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the prior year, the company posted $2.06 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, research analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its board has initiated a share buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 completion of the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,296 shares of company stock worth $1,713,098 over the last ninety days. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in shares of Cboe Global Markets by 306.6% in the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after acquiring an additional 402,547 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after acquiring an additional 246,442 shares during the period. Raymond James & Associates boosted its position in shares of Cboe Global Markets by 311.3% in the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after acquiring an additional 175,159 shares during the period. TD Asset Management Inc boosted its position in shares of Cboe Global Markets by 36.2% in the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after acquiring an additional 132,833 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Cboe Global Markets by 1,044.9% in the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after acquiring an additional 109,220 shares during the period. 81.73% of the stock is owned by 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.