Cboe Global Markets (BATS:CBOE) Price Target Raised to $335.00

Cboe Global Markets (BATS:CBOE) had its target price upped by analysts at Keefe, Bruyette & Woods from $300.00 to $335.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.46% from the stock’s current price.

CBOE has been the subject of several other research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Thursday, April 9th. Barclays reissued an “overweight” rating on shares of Cboe Global Markets in a research note on Monday. Loop Capital set a $382.00 target price on Cboe Global Markets in a research note on Monday. Finally, Piper Sandler raised their target price on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $306.60.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $326.96 on Monday. The stock has a market cap of $34.68 billion, a PE ratio of 168.54 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12-month low of $212.75 and a 12-month high of $329.79. The company has a 50-day moving average of $293.40 and a 200 day moving average of $270.21.

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

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the transaction, the director owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,695 shares of company stock valued at $1,628,981 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $26,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth $31,000. Physician Wealth Advisors Inc. lifted its position in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.