Cboe Global Markets (BATS:CBOE – Get Free Report) had its target price lifted by stock analysts at Royal Bank Of Canada from $303.00 to $360.00 in a report released on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 4.82% from the company’s current price.
Several other research firms have also commented on CBOE. JPMorgan Chase & Co. increased their price objective on shares of Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research note on Wednesday, October 28th. Barclays reduced their target price on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Loop Capital set a $332.00 price target on Cboe Global Markets in a research report on Wednesday. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their price target on Cboe Global Markets from $309.00 to $357.00 and gave the stock an “equal weight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $342.82.
View Our Latest Research Report on Cboe Global Markets
Cboe Global Markets Stock Up 2.4%
Cboe Global Markets stock traded up $7.93 during midday trading on Friday, reaching $343.46. The stock had a trading volume of 81,875 shares, compared to its average volume of 1,133,071. Cboe Global Markets has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a market capitalization of $36.43 billion, a P/E ratio of 177.49 and a beta of 0.61. The company has a fifty day moving average price of $294.61 and a two-hundred day moving average price of $291.85. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.20. The firm had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $2.67 earnings per share. As a group, equities analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.
Cboe Global Markets declared that its board has approved a share repurchase plan on Thursday, October 22nd that permits the company to repurchase $550 million in shares. This buyback authorization permits the company to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In other news, Director Janet Froetscher sold 937 shares of the business’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 completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 corporate insiders.
Institutional Investors Weigh In On Cboe Global Markets
Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Cboe Global Markets during the second quarter worth approximately $26,000. NFSG Corp bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $31,000. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $27,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Cboe Global Markets by 11,300.0% in the 3rd 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. 81.73% of the stock is currently owned by institutional investors.
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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