Oppenheimer Increases Cboe Global Markets (NASDAQ:CBOE) Price Target to $249.00

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

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a report on Wednesday, April 2nd. Barclays upped their price target on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley boosted their target price on shares of Cboe Global Markets from $235.00 to $256.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $223.36.

Cboe Global Markets Trading Down 0.6 %

Shares of CBOE traded down $1.39 during trading hours on Monday, reaching $232.84. 145,331 shares of the stock traded hands, compared to its average volume of 885,419. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $236.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market capitalization of $24.38 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.75 and a beta of 0.44. The company's 50-day simple moving average is $216.72.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the previous year, the company earned $2.15 earnings per share. Cboe Global Markets's revenue for the quarter was up 12.6% on a year-over-year basis. On average, research analysts forecast 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 will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.63 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.08%. Cboe Global Markets's payout ratio is 33.03%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Oak Harvest Investment Services bought a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $977,000. Forge First Asset Management Inc. purchased a new stake in Cboe Global Markets during the fourth quarter worth $8,461,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Cboe Global Markets by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock valued at $4,750,000 after acquiring an additional 6,943 shares in the last quarter. Brentview Investment Management LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $3,278,000. Finally, Skylands Capital LLC raised its position in shares of Cboe Global Markets by 88.9% in the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock worth $1,661,000 after acquiring an additional 4,000 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

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.