Cboe Global Markets (BATS:CBOE – Get Free Report) had its price target upped by equities research analysts at Wells Fargo & Company from $309.00 to $357.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.40% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. Piper Sandler cut 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. TD Cowen increased their target price on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Morgan Stanley restated an “overweight” rating and set a $450.00 target price on shares of Cboe Global Markets in a research report on Friday, October 23rd. Barclays lowered their target price on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $337.64.
Get Our Latest Stock Analysis on CBOE
Cboe Global Markets Price Performance
Shares of BATS CBOE opened at $335.53 on Monday. The stock’s 50-day simple moving average is $294.61 and its two-hundred day simple moving average is $291.85. The firm has a market capitalization of $35.59 billion, a P/E ratio of 172.95 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a twelve month low of $227.15 and a twelve month high of $371.18.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $712.20 million during the quarter, compared to analysts’ expectations of $705.22 million. During the same quarter in the previous year, the company earned $2.67 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.
Cboe Global Markets declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 22nd that permits the company to buy back $550 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 1.6% of its shares through open market purchases. Share repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Insiders Place Their Bets
In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.
Institutional Trading of Cboe Global Markets
Several institutional investors and hedge funds have recently made changes to their positions in the company. Emerald Investment Advisers LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $3,686,000. Danske Bank A S purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $658,000. Quantitative Investment Management LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth approximately $1,636,000. Bleakley Financial Group LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at $3,831,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Cboe Global Markets by 316.8% in the 2nd 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 period. 81.73% of the stock is currently owned by institutional investors.
About Cboe Global Markets
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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