Cboe Global Markets (BATS:CBOE – Get Free Report) had its price objective lifted by equities researchers at Barclays from $218.00 to $239.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 15.12% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer boosted their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $207.25.
Check Out Our Latest Stock Analysis on CBOE
Cboe Global Markets Price Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.
Cboe Global Markets announced that its Board of Directors has initiated a share buyback program on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In other news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock worth $3,604,822 in the last ninety days. 0.51% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Cboe Global Markets
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Perpetual Ltd bought a new position in Cboe Global Markets during the 1st quarter valued at about $74,868,000. Marshall Wace LLP lifted its position in Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after purchasing an additional 402,547 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. TD Asset Management Inc grew its position in Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the period. Finally, Squarepoint Ops LLC raised its stake in Cboe Global Markets by 1,044.9% during the 2nd quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after buying an additional 109,220 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.
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.
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