Barclays Has Lowered Expectations for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price target lowered by equities researchers at Barclays from $245.00 to $243.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 3.66% from the company's current price.

Several other research firms have also recently weighed in on CBOE. Citigroup boosted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday. Bank of America reiterated a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Oppenheimer upped their price objective on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three investment 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.com, Cboe Global Markets has an average rating of "Hold" and a consensus price target of $221.58.

Cboe Global Markets Stock Up 1.0%

Shares of CBOE stock traded up $2.37 during mid-day trading on Thursday, hitting $234.43. The company's stock had a trading volume of 689,603 shares, compared to its average volume of 855,478. Cboe Global Markets has a 52-week low of $168.16 and a 52-week high of $237.27. The business has a 50-day moving average price of $227.56 and a 200 day moving average price of $214.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the business earned $2.15 earnings per share. Cboe Global Markets's quarterly revenue was up 12.6% compared to the same quarter last year. Research analysts predict that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in Cboe Global Markets during the 1st quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets during the 4th quarter valued at approximately $29,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter worth $29,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets in the 1st quarter worth $29,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

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.