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

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price target reduced by research analysts at Barclays from $245.00 to $243.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 3.40% from the stock's previous close.

CBOE has been the topic of several other reports. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Morgan Stanley lowered shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their price target for the stock from $256.00 to $215.00 in a report on Wednesday, May 14th. Piper Sandler raised their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Bank of America reaffirmed a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $221.58.

Cboe Global Markets Stock Up 0.2%

Shares of NASDAQ CBOE traded up $0.58 during trading on Thursday, hitting $235.01. 669,308 shares of the company traded hands, compared to its average volume of 854,045. The business's fifty day moving average is $227.56 and its 200 day moving average is $214.88. Cboe Global Markets has a fifty-two week low of $169.09 and a fifty-two week high of $237.27. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS 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%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. Equities research analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew its position in Cboe Global Markets by 31.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after purchasing an additional 7,146 shares during the last quarter. GAM Holding AG acquired a new position in Cboe Global Markets during the first quarter worth $1,541,000. Capital Investment Advisory Services LLC acquired a new position in Cboe Global Markets during the first quarter worth $277,000. Unigestion Holding SA grew its holdings in shares of Cboe Global Markets by 33.1% during the first quarter. Unigestion Holding SA now owns 75,244 shares of the company's stock worth $16,999,000 after buying an additional 18,733 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Cboe Global Markets by 3.5% in the first quarter. Boston Trust Walden Corp now owns 330,059 shares of the company's stock valued at $74,689,000 after purchasing an additional 11,137 shares during the period. Institutional investors own 82.67% of the company's stock.

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.