Cboe Global Markets (BATS:CBOE – Get Free Report) had its target price upped by Oppenheimer from $201.00 to $206.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 14.18% from the stock’s previous close.
A number of other equities analysts have also weighed in on CBOE. Rosenblatt Securities lifted their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 price target for the company. in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Argus cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Citigroup upped their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, Piper Sandler increased their price objective on shares of Cboe Global Markets from $177.00 to $193.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Five 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 stock has an average rating of “Moderate Buy” and an average price target of $183.78.
Cboe Global Markets Stock Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $2.04 by $0.02. The company had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 earnings per share. As a group, analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.
Cboe Global Markets announced that its board has authorized a share repurchase program on Thursday, October 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Insider Transactions at Cboe Global Markets
In other Cboe Global Markets news, EVP Catherine R. Clay sold 1,300 shares of Cboe Global Markets stock in a transaction on Friday, November 24th. The shares were sold at an average price of $179.62, for a total value of $233,506.00. Following the completion of the transaction, the executive vice president now owns 4,214 shares of the company’s stock, valued at $756,918.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heartland Bank & Trust Co grew its stake in shares of Cboe Global Markets by 1.5% in the third quarter. Heartland Bank & Trust Co now owns 4,355 shares of the company’s stock worth $680,000 after purchasing an additional 66 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock valued at $244,000 after acquiring an additional 67 shares during the period. Allworth Financial LP raised its holdings in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. Moors & Cabot Inc. lifted its position in Cboe Global Markets by 2.3% in the third quarter. Moors & Cabot Inc. now owns 3,305 shares of the company’s stock worth $516,000 after purchasing an additional 75 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Cboe Global Markets by 1.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 5,123 shares of the company’s stock valued at $800,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds 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.
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