Cboe Global Markets (BATS:CBOE) Stock Gets Price Target Cut from Barclays

Cboe Global Markets (BATS:CBOE) had its price target cut by Barclays from $354.00 to $343.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Wells Fargo & Company assumed coverage on Cboe Global Markets in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 target price for the company. Piper Sandler dropped their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. TD Cowen upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and raised their target price for the company from $315.00 to $334.00 in a report on Monday, October 5th. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $320.45.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $304.16 on Wednesday. The company’s fifty day simple moving average is $286.65 and its 200-day simple moving average is $292.52. Cboe Global Markets has a 52 week low of $227.15 and a 52 week 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. The company has a market cap of $32.26 billion, a PE ratio of 156.78 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same quarter in the previous year, the business posted $2.46 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.86 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in Cboe Global Markets during the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC bought a new position in Cboe Global Markets during the 2nd quarter worth $27,000. NFSG Corp bought a new position in Cboe Global Markets during the 1st quarter worth $31,000. Finally, Rosenberg Matthew Hamilton grew its stake in Cboe Global Markets by 11,300.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the last quarter. 81.73% of the stock is owned by 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. 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.