Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, UBS Group Analyst Says

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective boosted by UBS Group from $235.00 to $245.00 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 5.58% from the stock's previous close.

A number of other analysts have also issued reports on the company. William Blair started coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. Barclays raised their price target on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Jefferies Financial Group cut their price target on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, January 9th. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $223.36.

Cboe Global Markets Price Performance

NASDAQ:CBOE traded down $2.18 during trading hours on Monday, reaching $232.05. 265,691 shares of the company traded hands, compared to its average volume of 887,055. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $236.02. The stock has a market capitalization of $24.30 billion, a PE ratio of 32.14, a P/E/G ratio of 1.75 and a beta of 0.44. The firm's 50-day simple moving average is $216.72. 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 announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping 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%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 earnings per share. As a group, research analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Activity at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of CBOE. Baader Bank Aktiengesellschaft boosted its stake in shares of Cboe Global Markets by 14.9% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,197 shares of the company's stock valued at $263,000 after purchasing an additional 155 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $1,055,000. Banque Cantonale Vaudoise bought a new stake in shares of Cboe Global Markets in the first quarter worth $3,909,000. Federated Hermes Inc. grew its holdings in shares of Cboe Global Markets by 1.1% in the 1st quarter. Federated Hermes Inc. now owns 58,630 shares of the company's stock valued at $13,267,000 after acquiring an additional 615 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Cboe Global Markets in the first quarter valued at approximately $8,256,000. 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.