Barclays Issues Pessimistic Forecast for Cboe Global Markets (BATS:CBOE) Stock Price

Cboe Global Markets (BATS:CBOE) had its target price dropped by Barclays from $382.00 to $347.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 30.28% from the stock’s current price.

CBOE has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD Cowen boosted their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley raised their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $307.20.

Cboe Global Markets Trading Up 0.5%

Shares of CBOE stock opened at $266.36 on Thursday. Cboe Global Markets has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $28.25 billion, a P/E ratio of 135.05 and a beta of 0.61. The stock has a 50-day simple moving average of $301.20 and a 200 day simple moving average of $287.22.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 EPS. On average, sell-side analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its position in Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares during the last quarter. Kendall Capital Management raised its position in shares of Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after buying an additional 40 shares during the last quarter. SHUTTLEWORTH & Co lifted its stake in shares of Cboe Global Markets by 0.5% in the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after buying an additional 41 shares during the period. Arkadios Wealth Advisors grew its position in Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after buying an additional 41 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in Cboe Global Markets by 1.0% during the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock valued at $1,138,000 after acquiring an additional 42 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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.