Cboe Global Markets (BATS:CBOE – Get Free Report) had its price objective increased by equities research analysts at TD Cowen from $304.00 to $315.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 6.03% from the company’s current price.
CBOE has been the subject of several other reports. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday. Barclays lifted their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $310.73.
Read Our Latest Stock Report on CBOE
Cboe Global Markets Price Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $2.46 EPS. As a group, analysts anticipate 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 P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Cboe Global Markets
Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Brindle & Bay Financial Advisors LLC acquired a new position in Cboe Global Markets in the fourth quarter worth approximately $735,000. Robeco Institutional Asset Management B.V. raised its position in Cboe Global Markets by 3.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock valued at $113,892,000 after acquiring an additional 15,648 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Cboe Global Markets in the first quarter valued at approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Cboe Global Markets in the fourth quarter worth approximately $995,000. 81.73% of the stock is currently owned by hedge funds and other 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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