Cboe Global Markets (BATS:CBOE) Price Target Cut to $194.00 by Analysts at Barclays

Cboe Global Markets (BATS:CBOE) had its target price reduced by research analysts at Barclays from $215.00 to $194.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 14.16% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Morgan Stanley restated an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Bank of America increased their price target on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Oppenheimer reiterated an “outperform” rating and set a $206.00 price target on shares of Cboe Global Markets in a research note on Monday, May 6th. Finally, Rosenblatt Securities raised their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $189.09.

Cboe Global Markets Stock Performance

CBOE opened at $169.94 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $18.02 billion, a PE ratio of 87.60 and a beta of 0.61. The firm’s 50-day moving average price is $175.21 and its 200 day moving average price is $180.10. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. During the same period in the prior year, the business posted $1.90 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insider Activity

In related news, EVP Catherine R. Clay sold 1,100 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now directly owns 4,656 shares of the company’s stock, valued at approximately $861,639.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Cboe Global Markets news, EVP Catherine R. Clay sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $185.06, for a total value of $203,566.00. Following the sale, the executive vice president now owns 4,656 shares of the company’s stock, valued at approximately $861,639.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its stake in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares during the period. Optiver Holding B.V. bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $30,000. Allworth Financial LP raised its holdings in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Cboe Global Markets during the fourth quarter worth about $31,000. 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.