Cboe Global Markets (BATS:CBOE) Price Target Cut to $194.00

Cboe Global Markets (BATS:CBOE) had its price objective decreased by investment analysts at Barclays from $215.00 to $194.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 14.16% from the company’s current price.

Several other analysts also recently weighed in on the company. Rosenblatt Securities lifted their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Bank of America lifted their target price on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Oppenheimer restated an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 6th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $189.09.

Cboe Global Markets Price Performance

CBOE opened at $169.94 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $18.02 billion, a P/E ratio of 87.60 and a beta of 0.61. The company’s 50-day simple moving average is $175.21 and its two-hundred day simple moving average is $180.10. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $502.10 million during the quarter, compared to analyst estimates of $504.80 million. During the same period in the prior year, the firm posted $1.90 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts predict that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Activity at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 1,100 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the transaction, the executive vice president now owns 4,656 shares in the company, valued at $861,639.36. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC boosted its stake in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $30,000. Allworth Financial LP raised its stake in shares of Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Cboe Global Markets during the fourth quarter worth $31,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.