Barclays Forecasts Strong Price Appreciation for Cboe Global Markets (BATS:CBOE) Stock

Cboe Global Markets (BATS:CBOE) had its target price upped by equities researchers at Barclays from $317.00 to $351.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 19.06% from the company’s previous close.

Several other equities research analysts have also recently issued reports on CBOE. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Keefe, Bruyette & Woods started coverage on Cboe Global Markets in a report on Wednesday. They set a “market perform” rating and a $300.00 price objective on the stock. Piper Sandler raised their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Loop Capital set a $317.00 price objective on Cboe Global Markets in a report on Monday, February 9th. Finally, Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $290.70.

Cboe Global Markets Stock Down 0.7%

CBOE opened at $294.82 on Wednesday. The business has a 50 day moving average price of $285.25 and a two-hundred day moving average price of $263.56. 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 company has a market cap of $31.27 billion, a PE ratio of 151.97 and a beta of 0.61. Cboe Global Markets has a 52 week low of $202.49 and a 52 week high of $305.68.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $659.59 million. As a group, research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the sale, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,695 shares of company stock worth $1,628,981 over the last quarter. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets in the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. grew its holdings in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Elyxium Wealth LLC bought a new position in Cboe Global Markets in the 4th quarter worth approximately $33,000. Finally, Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter worth approximately $31,000. 81.73% of the stock is owned by institutional investors.

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.