Cboe Global Markets (BATS:CBOE) Upgraded at TD Cowen

TD Cowen upgraded shares of Cboe Global Markets (BATS:CBOE) from a hold rating to a buy rating in a report released on Monday morning, MarketBeat.com reports. TD Cowen currently has $334.00 target price on the stock, up from their prior target price of $315.00.

Several other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Piper Sandler lowered their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Loop Capital set a $300.00 price target on Cboe Global Markets in a research note on Friday, October 2nd. Barclays increased their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $311.36.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $281.57 on Monday. The firm has a fifty day moving average of $286.82 and a two-hundred day moving average of $292.36. 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 stock has a market capitalization of $29.86 billion, a price-to-earnings ratio of 145.14 and a beta of 0.61. Cboe Global Markets has a 52 week low of $227.15 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the company earned $2.46 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Cboe Global Markets

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Cboe Global Markets in the second quarter valued at approximately $2,474,799,000. Deutsche Bank AG acquired a new stake in shares of Cboe Global Markets during the second quarter worth $491,465,000. Jupiter Topco LLC acquired a new stake in shares of Cboe Global Markets during the second quarter worth $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after acquiring an additional 51,784 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Cboe Global Markets by 10.1% in the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after acquiring an additional 68,742 shares in the last quarter. 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. 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.