Cboe Global Markets (NASDAQ:CBOE) Price Target Lowered to $243.00 at Barclays

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective dropped by Barclays from $245.00 to $243.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 4.42% from the company's current price.

A number of other research firms have also recently issued reports on CBOE. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their price target for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. Finally, Oppenheimer lifted their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $221.58.

Cboe Global Markets Price Performance

NASDAQ:CBOE traded up $0.66 during trading hours on Thursday, reaching $232.72. The company had a trading volume of 198,191 shares, compared to its average volume of 851,450. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.37 billion, a PE ratio of 32.23, a PEG ratio of 1.75 and a beta of 0.43. The stock has a 50-day moving average of $227.29 and a two-hundred day moving average of $214.59. Cboe Global Markets has a one year low of $168.16 and a one year high of $237.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the firm earned $2.15 EPS. The firm's revenue was up 12.6% on a year-over-year basis. Analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% 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. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the period. Norges Bank purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at approximately $269,524,000. GAMMA Investing LLC raised its position in Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after purchasing an additional 1,212,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock worth $241,580,000 after acquiring an additional 854,325 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Cboe Global Markets in the first quarter worth $74,789,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

About Cboe Global Markets

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.

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