Bank of America Increases Cboe Global Markets (BATS:CBOE) Price Target to $204.00

Cboe Global Markets (BATS:CBOE) had its price objective increased by Bank of America from $200.00 to $204.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

CBOE has been the topic of a number of other reports. Citigroup boosted their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a neutral rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods restated a market perform rating and set a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Oppenheimer increased their price objective on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an outperform rating in a research note on Monday, February 5th. 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. Finally, Rosenblatt Securities increased their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a buy rating in a report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of Hold and a consensus price target of $190.18.

Cboe Global Markets Price Performance

CBOE opened at $180.66 on Friday. The stock has a 50-day moving average price of $184.26 and a 200-day moving average price of $178.66. Cboe Global Markets has a 12-month low of $103.82 and a 12-month high of $139.00. 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 $19.16 billion, a P/E ratio of 93.12 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same period last year, the company earned $1.80 EPS. Cboe Global Markets’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at $3,285,448.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets during the third quarter worth about $29,000. Optiver Holding B.V. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Cboe Global Markets in the 4th quarter valued at $30,000. Allworth Financial LP grew its holdings in Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in Cboe Global Markets in the 4th quarter valued at $31,000. Hedge funds and other 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.