Cboe Global Markets (BATS:CBOE – Get Free Report) had its price objective lifted by TD Cowen from $334.00 to $342.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 11.74% from the company’s current price.
A number of other analysts also recently issued reports on the stock. Barclays cut their price objective on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Piper Sandler lowered their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company assumed coverage on Cboe Global Markets in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $321.18.
Get Our Latest Research Report on Cboe Global Markets
Cboe Global Markets Stock Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the firm earned $2.46 earnings per share. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.
Insider Transactions at Cboe Global Markets
In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.
Hedge Funds Weigh In On Cboe Global Markets
Several hedge funds and other institutional investors have recently made changes to their positions in CBOE. Emerald Investment Advisers LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $3,686,000. Danske Bank A S acquired a new position in Cboe Global Markets during the second quarter valued at approximately $658,000. Pacer Advisors Inc. raised its position in Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Cboe Global Markets during the first quarter worth $3,831,000. Finally, Integrated Wealth Concepts LLC lifted its stake in Cboe Global Markets by 316.8% during the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock worth $2,107,000 after purchasing an additional 6,598 shares during 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.
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