Cboe Global Markets (BATS:CBOE) Price Target Raised to $351.00 at Barclays

Cboe Global Markets (BATS:CBOE) had its price objective lifted by research analysts at Barclays from $317.00 to $351.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 20.35% from the company’s previous close.

Several other analysts have also issued reports on the company. Loop Capital set a $317.00 target price on Cboe Global Markets in a report on Monday, February 9th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Morgan Stanley raised their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $284.91.

Cboe Global Markets Price Performance

Shares of CBOE stock traded down $4.00 during trading on Wednesday, hitting $291.64. The company had a trading volume of 233,328 shares, compared to its average volume of 888,119. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $30.93 billion, a P/E ratio of 150.32 and a beta of 0.61. The stock’s 50-day moving average price is $284.02 and its 200 day moving average price is $263.11. Cboe Global Markets has a one year low of $200.88 and a one year high of $305.68.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. The firm had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Equities analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insider Activity at Cboe Global Markets

In related news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the transaction, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its position in Cboe Global Markets by 1.7% in the fourth quarter. Hsbc Holdings PLC now owns 288,580 shares of the company’s stock valued at $72,700,000 after buying an additional 4,744 shares in the last quarter. World Investment Advisors increased its holdings in shares of Cboe Global Markets by 49.3% during the fourth quarter. World Investment Advisors now owns 2,078 shares of the company’s stock worth $522,000 after buying an additional 686 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Cboe Global Markets by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 82,616 shares of the company’s stock valued at $20,739,000 after acquiring an additional 2,575 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Cboe Global Markets by 10.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,182 shares of the company’s stock valued at $549,000 after acquiring an additional 208 shares in the last quarter. Finally, DGS Capital Management LLC boosted its holdings in shares of Cboe Global Markets by 28.8% during the 4th quarter. DGS Capital Management LLC now owns 1,193 shares of the company’s stock valued at $299,000 after acquiring an additional 267 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.