Cboe Global Markets (BATS:CBOE) Price Target Raised to $204.00

Cboe Global Markets (BATS:CBOE) had its price target hoisted by equities researchers at Bank of America from $200.00 to $204.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 12.80% from the company’s previous close.

A number of other brokerages also recently issued reports on CBOE. Citigroup increased their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Morgan Stanley reiterated an “equal weight” rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Barclays increased their price objective on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Rosenblatt Securities raised their price target on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $190.18.

Cboe Global Markets Trading Up 1.9 %

Shares of Cboe Global Markets stock opened at $180.85 on Friday. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 93.22 and a beta of 0.61. 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 $103.82 and a 12-month high of $139.00. The firm’s 50-day moving average price is $184.33 and its two-hundred day moving average price is $178.38.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million for the quarter, compared to the consensus estimate of $510.65 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 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. On average, analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,285,448.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several hedge funds have recently modified their holdings of CBOE. Private Advisor Group LLC increased its stake in shares of Cboe Global Markets by 36.0% in the 1st quarter. Private Advisor Group LLC now owns 3,099 shares of the company’s stock valued at $355,000 after acquiring an additional 820 shares in the last quarter. MetLife Investment Management LLC increased its stake in Cboe Global Markets by 23.1% during the 1st quarter. MetLife Investment Management LLC now owns 29,009 shares of the company’s stock valued at $3,319,000 after purchasing an additional 5,448 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Cboe Global Markets by 0.9% during the 1st quarter. Panagora Asset Management Inc. now owns 11,869 shares of the company’s stock valued at $1,358,000 after purchasing an additional 110 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cboe Global Markets by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,269 shares of the company’s stock valued at $1,633,000 after purchasing an additional 883 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cboe Global Markets by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 553,273 shares of the company’s stock valued at $63,307,000 after purchasing an additional 22,032 shares in the last quarter. 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.