Cboe Global Markets (BATS:CBOE – Get Free Report) had its price objective lifted by investment analysts at Barclays from $343.00 to $392.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 12.10% from the company’s current price.
Other analysts also recently issued research reports about the company. Royal Bank Of Canada upped their target price on Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. TD Cowen lifted their price target on Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $354.09.
Get Our Latest Report on Cboe Global Markets
Cboe Global Markets Stock Performance
BATS CBOE traded up $14.14 on Monday, reaching $349.68. 832,554 shares of the company’s stock traded hands, compared to its average volume of 1,136,611. The firm has a market cap of $37.09 billion, a price-to-earnings ratio of 180.13 and a beta of 0.61. The stock has a 50 day moving average price of $294.61 and a 200-day moving average price of $291.85. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. 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 – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.20. The company had revenue of $712.20 million for the quarter, compared to the consensus estimate of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $2.67 EPS. Equities research analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.
Cboe Global Markets announced that its board has initiated a stock repurchase program on Thursday, October 22nd that permits the company to buy back $550 million in shares. This buyback authorization permits the company to reacquire up to 1.6% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Insider Activity at Cboe Global Markets
In other news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.
Institutional Investors Weigh In On Cboe Global Markets
Several institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. Jones Financial Companies Lllp purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $25,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Cboe Global Markets in the second quarter valued at approximately $26,000. NFSG Corp purchased a new position in shares of Cboe Global Markets in the first quarter valued at approximately $31,000. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets in the second quarter worth approximately $27,000. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of Cboe Global Markets by 11,300.0% in the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.
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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