Cboe Global Markets (BATS:CBOE) Price Target Raised to $351.00 at Barclays

Cboe Global Markets (BATS:CBOE) had its price target upped by stock analysts at Barclays from $317.00 to $351.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 20.35% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Loop Capital set a $317.00 price objective on Cboe Global Markets in a report on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler upped their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Morgan Stanley upped their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $284.91.

Cboe Global Markets Price Performance

CBOE traded down $4.00 during trading on Wednesday, hitting $291.64. The company’s stock had a trading volume of 233,328 shares, compared to its average volume of 888,119. The firm’s 50 day moving average price is $284.02 and its two-hundred day moving average price is $263.11. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $200.88 and a 12 month high of $305.68. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of 150.32 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.13. The firm had revenue of $671.10 million during the quarter, compared to the consensus estimate of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Sell-side analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the transaction, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently added to or reduced their stakes in CBOE. Sound Income Strategies LLC lifted its position in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets during the second quarter worth approximately $31,000. Physician Wealth Advisors Inc. lifted its holdings in Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $33,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.