Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, Oppenheimer Analyst Says

Cboe Global Markets (NASDAQ:CBOE) had its price objective raised by Oppenheimer from $237.00 to $249.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

CBOE has been the subject of several other reports. Bank of America reiterated a “neutral” rating and set a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Morgan Stanley upped their target price on shares of Cboe Global Markets from $235.00 to $256.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $226.36.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $231.65 on Monday. The stock has a market capitalization of $24.25 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $215.75. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. Sell-side analysts predict that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is presently 33.03%.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $2,380,529 in the last three months. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors have recently modified their holdings of CBOE. Oak Harvest Investment Services acquired a new stake in Cboe Global Markets in the 4th quarter worth about $977,000. Forge First Asset Management Inc. bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. grew its position in Cboe Global Markets by 40.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock worth $4,750,000 after buying an additional 6,943 shares in the last quarter. Brentview Investment Management LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at $3,278,000. Finally, Skylands Capital LLC lifted its position in shares of Cboe Global Markets by 88.9% during the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company’s stock valued at $1,661,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.