TD Cowen Forecasts Strong Price Appreciation for Cboe Global Markets (BATS:CBOE) Stock

Cboe Global Markets (BATS:CBOE) had its price target increased by equities researchers at TD Cowen from $304.00 to $315.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 6.03% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a research note on Monday. Finally, Piper Sandler reduced their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $310.73.

Cboe Global Markets Stock Performance

BATS CBOE traded down $13.14 on Monday, hitting $297.09. The stock had a trading volume of 463,777 shares, compared to its average volume of 1,137,102. Cboe Global Markets has a one year low of $227.15 and a one year high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 153.05 and a beta of 0.61. The company’s 50-day moving average is $280.02 and its two-hundred day moving average is $290.70.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. On average, analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after acquiring an additional 33 shares in the last quarter. SHUTTLEWORTH & Co boosted its position in shares of Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after purchasing an additional 41 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Cboe Global Markets by 4.7% in the 1st quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after purchasing an additional 41 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Cboe Global Markets by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after purchasing an additional 42 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds 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.