Cboe Global Markets (NASDAQ:CBOE) Given New $232.00 Price Target at Barclays

Cboe Global Markets (NASDAQ:CBOE) had its price objective hoisted by Barclays from $216.00 to $232.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 11.57% from the stock’s current price.

Several other brokerages also recently issued reports on CBOE. Keefe, Bruyette & Woods lowered their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research note on Monday, January 6th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. William Blair assumed coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group dropped their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $215.50.

Cboe Global Markets Stock Performance

NASDAQ:CBOE traded down $7.15 on Monday, reaching $207.94. The company’s stock had a trading volume of 497,583 shares, compared to its average volume of 821,719. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $234.37. The stock’s 50-day moving average price is $212.29. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.75 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business earned $2.06 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock worth $2,380,529 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 208.4% in the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock worth $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank bought a new stake in shares of Cboe Global Markets during the fourth quarter worth about $269,524,000. Raymond James Financial Inc. acquired a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $59,206,000. First Trust Advisors LP raised its holdings in Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock valued at $58,317,000 after buying an additional 263,585 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Cboe Global Markets by 108.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company’s stock worth $3,498,000 after buying an additional 234,199 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.