Barclays Issues Positive Forecast for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE) had its price target increased by stock analysts at Barclays from $216.00 to $232.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 11.47% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Bank of America lifted their target price on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Jefferies Financial Group dropped their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Oppenheimer reduced their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, William Blair initiated coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $219.30.

Cboe Global Markets Price Performance

CBOE opened at $208.13 on Monday. The stock has a 50 day moving average price of $212.52. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the company posted $2.06 earnings per share. Equities analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,544 shares of company stock valued at $2,380,529. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $29,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth approximately $29,000. Kestra Investment Management LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at $36,000. Finally, Generali Asset Management SPA SGR bought a new position in Cboe Global Markets in the 4th quarter valued at $37,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.