Cboe Global Markets (BATS:CBOE) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Cboe Global Markets (BATS:CBOE) from an underweight rating to a neutral rating in a report issued on Monday morning, Marketbeat Ratings reports. They currently have $195.00 price target on the stock, up from their prior price target of $168.00.

Several other equities research analysts also recently issued reports on the company. Barclays decreased their price target on Cboe Global Markets from $215.00 to $194.00 and set an overweight rating for the company in a report on Wednesday, July 10th. Oppenheimer restated an outperform rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 6th. Morgan Stanley restated 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. Rosenblatt Securities upped their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the company a buy rating in a research note on Monday, May 6th. Finally, Bank of America upped their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the company a buy rating in a research note on Friday, April 19th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of Hold and an average price target of $193.33.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $204.70 on Monday. The stock’s 50 day moving average is $177.23 and its 200 day moving average is $181.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $21.71 billion, a P/E ratio of 105.52 and a beta of 0.61. Cboe Global Markets has a one year low of $103.82 and a one year high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same period in the previous year, the firm earned $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts expect that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, May 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer now owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the completion of the sale, the executive vice president now directly owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,965 shares of company stock worth $2,941,725. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Cboe Global Markets by 9.1% during the second quarter. Parallel Advisors LLC now owns 1,960 shares of the company’s stock valued at $333,000 after acquiring an additional 163 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Cboe Global Markets by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 423,289 shares of the company’s stock valued at $72,204,000 after acquiring an additional 9,307 shares in the last quarter. Wambolt & Associates LLC increased its holdings in shares of Cboe Global Markets by 5.8% during the second quarter. Wambolt & Associates LLC now owns 9,540 shares of the company’s stock valued at $1,640,000 after acquiring an additional 519 shares in the last quarter. BOKF NA increased its holdings in Cboe Global Markets by 65,000.0% in the 2nd quarter. BOKF NA now owns 1,953 shares of the company’s stock worth $332,000 after buying an additional 1,950 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in Cboe Global Markets by 325.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 39,137 shares of the company’s stock worth $6,656,000 after buying an additional 29,934 shares during the period. 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.