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

Cboe Global Markets (BATS:CBOE) had its price objective decreased by analysts at Barclays from $382.00 to $347.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 30.28% from the company’s previous close.

Several other analysts have also recently issued reports on CBOE. Piper Sandler upped their price target on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. TD Cowen boosted their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Loop Capital set a $263.00 price objective on Cboe Global Markets in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $307.20.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $266.36 on Thursday. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The business has a 50 day moving average price of $301.20 and a two-hundred day moving average price of $287.22. 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 firm has a market cap of $28.25 billion, a PE ratio of 135.05 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the previous year, the business earned $2.50 EPS. Cboe Global Markets’s revenue for the quarter was up 29.0% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated 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 transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp raised its position in shares of Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after acquiring an additional 2,736 shares during the period. Woodline Partners LP lifted its stake in shares of Cboe Global Markets by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after acquiring an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

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.