Cboe Global Markets (BATS:CBOE) Given New $288.00 Price Target at JPMorgan Chase & Co.

Cboe Global Markets (BATS:CBOE) had its target price lifted by research analysts at JPMorgan Chase & Co. from $277.00 to $288.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.17% from the stock’s current price.

Several other analysts have also recently commented on the stock. Piper Sandler decreased their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Barclays lowered their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. TD Cowen lifted their price objective on Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $302.18.

Cboe Global Markets Stock Up 1.9%

Shares of CBOE opened at $294.40 on Tuesday. The business’s 50 day simple moving average is $284.45 and its 200-day simple moving average is $289.50. Cboe Global Markets has a one year low of $227.15 and a one year high of $371.18. The company has a market capitalization of $31.22 billion, a P/E ratio of 151.05 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of large investors have recently added to or reduced their stakes in CBOE. Wedge Capital Management L L P NC boosted its position in Cboe Global Markets by 7.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 8,945 shares of the company’s stock worth $2,171,000 after acquiring an additional 640 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter valued at about $210,000. Chesley Taft & Associates LLC increased its position in shares of Cboe Global Markets by 3.1% in the second quarter. Chesley Taft & Associates LLC now owns 29,447 shares of the company’s stock valued at $7,146,000 after acquiring an additional 884 shares during the last quarter. Czech National Bank raised its holdings in Cboe Global Markets by 4.5% during the second quarter. Czech National Bank now owns 29,789 shares of the company’s stock worth $7,229,000 after acquiring an additional 1,289 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Cboe Global Markets by 113.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 15,930 shares of the company’s stock valued at $3,866,000 after purchasing an additional 8,450 shares during the last quarter. 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.