Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods has raised its price target for Cboe Global Markets from $243 to $248, maintaining a "market perform" rating, despite indicating a slight potential downside from the previous close.
• Several other analysts like Citigroup and UBS Group have also increased their price targets, with UBS setting a target of $255 and maintaining a "neutral" rating on the stock.
• Cboe Global Markets reported an EPS of $2.46 for the last quarter, exceeding expectations, and its revenue grew by 14.3% year-over-year.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $243.00 to $248.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential downside of 0.06% from the company's previous close.

Several other equities analysts also recently commented on the stock. Citigroup increased their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. UBS Group lifted their target price on shares of Cboe Global Markets from $245.00 to $255.00 and gave the stock a "neutral" rating in a research note on Monday. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $229.50.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $0.35 on Monday, reaching $248.14. The stock had a trading volume of 235,722 shares, compared to its average volume of 873,153. The firm has a market capitalization of $25.98 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $249.84. The firm's 50-day moving average is $231.96 and its two-hundred day moving average is $220.31.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. 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 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. On average, research analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Brighton Jones LLC raised its position in shares of Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares during the period. Schroder Investment Management Group raised its position in shares of Cboe Global Markets by 244.7% in the fourth quarter. Schroder Investment Management Group now owns 5,374 shares of the company's stock valued at $1,053,000 after purchasing an additional 3,815 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Cboe Global Markets in the 4th quarter worth approximately $10,048,000. Envestnet Asset Management Inc. lifted its stake in Cboe Global Markets by 11.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock worth $39,804,000 after purchasing an additional 21,161 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Cboe Global Markets in the 4th quarter worth $110,000. 82.67% of the stock is currently 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.

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