Barclays Trims Cboe Global Markets (CBOE) Target Price to $110.00

Cboe Global Markets (NASDAQ:CBOE) had its price objective reduced by Barclays from $127.00 to $110.00 in a report issued on Monday morning. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Cboe Global Markets from a strong-buy rating to a buy rating in a report on Wednesday, December 20th. Deutsche Bank raised shares of Cboe Global Markets from a hold rating to a buy rating and dropped their price objective for the company from $137.00 to $120.00 in a report on Monday. Rosenblatt Securities raised shares of Cboe Global Markets from a neutral rating to a buy rating in a report on Monday. Bank of America dropped their price objective on shares of Cboe Global Markets from $139.00 to $123.00 and set a buy rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $130.00 price objective on shares of Cboe Global Markets in a report on Friday, December 22nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Cboe Global Markets presently has a consensus rating of Buy and a consensus price target of $118.64.

Cboe Global Markets (CBOE) opened at $115.00 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. Cboe Global Markets has a 1-year low of $77.33 and a 1-year high of $138.54. The stock has a market cap of $12,732.23, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 1.38 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $265.60 million for the quarter, compared to analysts’ expectations of $267.25 million. Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. Cboe Global Markets’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. sell-side analysts anticipate that Cboe Global Markets will post 4.63 EPS for the current fiscal year.

In related news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the transaction, the chairman now directly owns 70,611 shares in the company, valued at $8,916,757.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank E. Jr. English sold 300 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $123.80, for a total transaction of $37,140.00. Following the transaction, the director now owns 4,214 shares of the company’s stock, valued at $521,693.20. The disclosure for this sale can be found here. Insiders have sold 12,989 shares of company stock valued at $1,622,840 over the last 90 days. 1.86% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Cboe Global Markets by 10.8% during the fourth quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after purchasing an additional 786,423 shares during the period. Renaissance Technologies LLC lifted its position in Cboe Global Markets by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock valued at $563,147,000 after purchasing an additional 130,300 shares during the period. Artisan Partners Limited Partnership lifted its position in Cboe Global Markets by 2.2% during the third quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock valued at $249,557,000 after purchasing an additional 50,004 shares during the period. Bank of New York Mellon Corp lifted its position in Cboe Global Markets by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock valued at $199,050,000 after purchasing an additional 87,229 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Cboe Global Markets by 10.4% during the third quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock valued at $163,635,000 after purchasing an additional 142,667 shares during the period. Institutional investors own 83.54% of the company’s stock.

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About Cboe Global Markets

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

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