Cboe Global Markets (BATS:CBOE) Given New $194.00 Price Target at Barclays

Cboe Global Markets (BATS:CBOE) had its price objective trimmed by Barclays from $215.00 to $194.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

CBOE has been the topic of a number of other research reports. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a buy rating in a report on Monday, May 6th. Morgan Stanley reiterated an equal weight rating and issued a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Bank of America increased their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a buy rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $197.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Oppenheimer reiterated an outperform rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $189.09.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $169.63 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $17.99 billion, a P/E ratio of 87.44 and a beta of 0.61. The firm’s fifty day simple moving average is $175.02 and its two-hundred day simple moving average is $180.06. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.55 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Catherine R. Clay sold 1,100 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now directly owns 4,656 shares of the company’s stock, valued at $861,639.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of Cboe Global Markets by 24.5% in the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after buying an additional 342,505 shares in the last quarter. Norges Bank bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $226,557,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cboe Global Markets by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,186 shares of the company’s stock worth $151,274,000 after acquiring an additional 16,224 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 10.4% in the 1st quarter. Tandem Investment Advisors Inc. now owns 799,880 shares of the company’s stock worth $146,962,000 after acquiring an additional 75,138 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Cboe Global Markets by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after acquiring an additional 85,433 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other 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.