Barclays Cuts Cboe Global Markets (BATS:CBOE) Price Target to $343.00

Cboe Global Markets (BATS:CBOE) had its price target decreased by equities research analysts at Barclays from $354.00 to $343.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 23.03% from the company’s previous close.

Several other brokerages also recently weighed in on CBOE. Piper Sandler cut their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. TD Cowen upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the company from $315.00 to $334.00 in a research note on Monday. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Loop Capital set a $343.00 price target on Cboe Global Markets in a report on Wednesday. Finally, Morgan Stanley reiterated an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $311.36.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $278.79 on Wednesday. Cboe Global Markets has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $287.35 and its two-hundred day moving average price is $292.38. The firm has a market capitalization of $29.57 billion, a PE ratio of 143.62 and a beta of 0.61.

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

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton increased its stake in shares of Cboe Global Markets by 11,300.0% during the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Cboe Global Markets by 1,558.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 7,048 shares of the company’s stock worth $1,940,000 after purchasing an additional 6,623 shares during the period. CX Institutional boosted its stake in Cboe Global Markets by 455.0% during the 3rd quarter. CX Institutional now owns 24,725 shares of the company’s stock valued at $6,457,000 after purchasing an additional 20,270 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cboe Global Markets by 634.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,002 shares of the company’s stock valued at $826,000 after purchasing an additional 2,593 shares in the last quarter. Finally, Montecito Bank & Trust acquired a new position in shares of Cboe Global Markets during the 3rd quarter valued at $202,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.