Cboe Global Markets (BATS:CBOE) Price Target Lowered to $212.00 at Deutsche Bank Aktiengesellschaft

Cboe Global Markets (BATS:CBOE) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $214.00 to $212.00 in a report released on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 0.95% from the stock’s previous close.

A number of other brokerages have also issued reports on CBOE. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer increased their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays reduced their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $208.58.

Cboe Global Markets Stock Performance

CBOE traded down $3.57 on Monday, reaching $210.00. The company had a trading volume of 1,295,666 shares, compared to its average volume of 636,231. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The stock has a market cap of $22.27 billion, a P/E ratio of 108.25 and a beta of 0.61. The company’s fifty day moving average is $209.64 and its 200 day moving average is $191.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. During the same quarter in the prior year, the business posted $2.06 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has initiated a stock buyback plan on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,296 shares of company stock worth $1,713,098 over the last three months. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. bought a new position in shares of Cboe Global Markets during the third quarter valued at about $144,000. SpiderRock Advisors LLC lifted its position in shares of Cboe Global Markets by 55.5% during the third quarter. SpiderRock Advisors LLC now owns 17,574 shares of the company’s stock valued at $3,600,000 after purchasing an additional 6,276 shares in the last quarter. Consolidated Planning Corp bought a new position in shares of Cboe Global Markets during the third quarter valued at about $723,000. Principal Financial Group Inc. lifted its position in shares of Cboe Global Markets by 2.0% during the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock valued at $32,197,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Cboe Global Markets by 12.4% during the third quarter. Amalgamated Bank now owns 24,022 shares of the company’s stock valued at $4,921,000 after purchasing an additional 2,652 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.