Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $253.00 at Oppenheimer

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price target boosted by analysts at Oppenheimer from $249.00 to $253.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price objective points to a potential upside of 7.35% from the stock's previous close.

Several other research analysts have also recently issued reports on CBOE. Bank of America reaffirmed a "neutral" rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research report on Monday, May 5th. UBS Group upped their target price on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Citigroup upped their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Three 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, the company currently has a consensus rating of "Hold" and an average price target of $222.58.

Cboe Global Markets Stock Up 0.7%

NASDAQ CBOE traded up $1.72 during trading hours on Tuesday, hitting $235.67. 46,038 shares of the company were exchanged, compared to its average volume of 847,109. The company has a 50 day moving average of $227.83 and a two-hundred day moving average of $215.83. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.75 and a beta of 0.43. Cboe Global Markets has a 52-week low of $173.00 and a 52-week high of $237.72. 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 (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.15 earnings per share. Equities research analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Cboe Global Markets by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after purchasing an additional 56,233 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock worth $920,827,000 after purchasing an additional 54,054 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after purchasing an additional 44,291 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Cboe Global Markets by 2.5% during the fourth quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after purchasing an additional 38,587 shares during the last quarter. Hedge funds and other 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.