Barclays Cuts Cboe Global Markets (NASDAQ:CBOE) Price Target to $243.00

by · The Markets Daily

Cboe Global Markets (NASDAQ:CBOEFree Report) had its price objective cut by Barclays from $245.00 to $243.00 in a report issued on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

CBOE has been the subject of several other reports. Citigroup upped their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Oppenheimer upped their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Bank of America reissued a “neutral” rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $221.58.

View Our Latest Research Report on Cboe Global Markets

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $235.01 on Thursday. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a 50-day moving average price of $227.73 and a 200-day moving average price of $215.30. 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 has a 12 month low of $169.09 and a 12 month high of $237.27.

Cboe Global Markets (NASDAQ:CBOEGet Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. As a group, equities analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.03%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clearstead Trust LLC purchased a new stake in Cboe Global Markets in the first quarter worth about $26,000. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets during the first quarter valued at approximately $27,000. Hughes Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Finally, Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

(Get Free Report)

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.

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