Barclays Issues Pessimistic Forecast for Cboe Global Markets (BATS:CBOE) Stock Price

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

CBOE has been the topic of a number of other reports. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Piper Sandler reduced their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. TD Cowen raised Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price target for the stock from $315.00 to $334.00 in a research note on Monday. Finally, Loop Capital set a $343.00 price objective on Cboe Global Markets in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $311.36.

Cboe Global Markets Trading Up 0.2%

Shares of BATS:CBOE opened at $278.79 on Wednesday. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 143.62 and a beta of 0.61. 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 quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average price of $287.35 and a 200 day moving average price of $292.38.

Cboe Global Markets (BATS:CBOE) last posted 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. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the prior year, the company earned $2.46 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. On average, research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was 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 in the company, 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 filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG acquired a new position in shares of Cboe Global Markets in the second quarter worth $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth $304,917,000. Legal & General Group Plc purchased a new stake in shares of Cboe Global Markets during the second quarter worth $175,870,000. Finally, Bank of America Corp DE purchased a new stake in shares of Cboe Global Markets during the second quarter worth $162,794,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.