Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its target price hoisted by Piper Sandler from $245.00 to $250.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price suggests a potential upside of 5.13% from the company's current price.
Other research analysts have also issued reports about the stock. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Morgan Stanley raised their price target on shares of Cboe Global Markets from $215.00 to $218.00 and gave the company an "underweight" rating in a research report on Tuesday. Bank of America reissued a "neutral" rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Barclays dropped their price target on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $222.58.
Read Our Latest Analysis on Cboe Global Markets
Cboe Global Markets Stock Up 1.6%
NASDAQ:CBOE traded up $3.85 during trading hours on Tuesday, reaching $237.80. The company had a trading volume of 635,743 shares, compared to its average volume of 851,468. 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 cap of $24.90 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.75 and a beta of 0.43. The business's 50-day simple moving average is $227.83 and its two-hundred day simple moving average is $215.83. Cboe Global Markets has a twelve month low of $173.00 and a twelve month high of $238.21.
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 analysts' consensus estimates 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 period last year, the business earned $2.15 EPS. Cboe Global Markets's revenue was up 12.6% compared to the same quarter last year. On average, equities analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current year.
Insider Transactions at Cboe Global Markets
In related news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction dated 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 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 filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company's stock.
Institutional Trading of Cboe Global Markets
Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in shares of Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares during the period. Norges Bank bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $269,524,000. GAMMA Investing LLC raised its position in shares of 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 raised its position 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 valued at $241,580,000 after purchasing an additional 854,325 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $74,789,000. Hedge funds and other institutional investors own 82.67% of the company's stock.
Cboe Global Markets Company Profile
(
Get Free Report)
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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