Piper Sandler Boosts Cboe Global Markets (NASDAQ:CBOE) Price Target to $250.00

Cboe Global Markets (NASDAQ:CBOE) had its price target hoisted by equities research analysts at Piper Sandler from $245.00 to $250.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 5.44% from the company’s previous close.

CBOE has been the topic of a number of other reports. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. UBS Group lifted their target price on Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Bank of America reissued a “neutral” rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Loop Capital set a $227.00 target price on Cboe Global Markets in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $222.58.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $237.10 on Tuesday. The business has a 50 day moving average price of $227.89 and a 200 day moving average price of $215.98. Cboe Global Markets has a twelve month low of $173.00 and a twelve month high of $238.49. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the previous year, the firm posted $2.15 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Research analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Activity

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its holdings in Cboe Global Markets by 5.5% in the second quarter. Kathmere Capital Management LLC now owns 2,136 shares of the company’s stock valued at $498,000 after purchasing an additional 112 shares during the period. Dakota Wealth Management grew its holdings in Cboe Global Markets by 18.5% during the 2nd quarter. Dakota Wealth Management now owns 37,801 shares of the company’s stock worth $8,816,000 after acquiring an additional 5,899 shares during the period. Missouri Trust & Investment Co acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $26,000. CHB Investment Group LLC grew its holdings in Cboe Global Markets by 6.3% during the 2nd quarter. CHB Investment Group LLC now owns 16,012 shares of the company’s stock worth $3,734,000 after acquiring an additional 944 shares during the period. Finally, Martin Capital Advisors LLP grew its stake in shares of Cboe Global Markets by 17.1% in the 2nd quarter. Martin Capital Advisors LLP now owns 1,987 shares of the company’s stock valued at $463,000 after buying an additional 290 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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.