Cboe Global Markets (BATS:CBOE) Price Target Cut to $347.00 by Analysts at Barclays

Cboe Global Markets (BATS:CBOE) had its price target trimmed by Barclays from $382.00 to $347.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

CBOE has been the topic of several other reports. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Piper Sandler increased their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Morgan Stanley upped their target price on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $315.60.

Cboe Global Markets Trading Up 1.1%

BATS CBOE opened at $267.85 on Thursday. The company has a fifty day simple moving average of $300.49 and a two-hundred day simple moving average of $287.36. The stock has a market cap of $28.41 billion, a P/E ratio of 138.07 and a beta of 0.61. Cboe Global Markets has a 12-month low of $227.15 and a 12-month high of $371.18. 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 (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 earnings per share. On average, analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $210,000. Chesley Taft & Associates LLC increased its position in Cboe Global Markets by 3.1% during the second quarter. Chesley Taft & Associates LLC now owns 29,447 shares of the company’s stock worth $7,146,000 after buying an additional 884 shares in the last quarter. Czech National Bank boosted its stake in shares of Cboe Global Markets by 4.5% during the 2nd quarter. Czech National Bank now owns 29,789 shares of the company’s stock worth $7,229,000 after purchasing an additional 1,289 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Cboe Global Markets by 113.0% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 15,930 shares of the company’s stock worth $3,866,000 after acquiring an additional 8,450 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Cboe Global Markets by 33.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,995 shares of the company’s stock valued at $1,212,000 after buying an additional 1,242 shares during the period. Hedge funds and other 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. 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.