Cboe Global Markets (NASDAQ:CBOE) Given New $245.00 Price Target at Piper Sandler

Cboe Global Markets (NASDAQ:CBOE) had its price target boosted by research analysts at Piper Sandler from $234.00 to $245.00 in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 5.01% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Barclays lifted their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lowered their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price objective on Cboe Global Markets from $235.00 to $256.00 and gave the company an “overweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $223.36.

Cboe Global Markets Stock Up 0.7 %

Shares of Cboe Global Markets stock opened at $233.32 on Monday. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a fifty day moving average price of $216.25. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS. Analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the stock. NBC Securities Inc. bought a new position in Cboe Global Markets in the 1st quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at $29,000. Cornerstone Planning Group LLC raised its position 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 worth $30,000 after acquiring an additional 139 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at $29,000. Finally, Lee Danner & Bass Inc. bought a new position in Cboe Global Markets in the fourth quarter valued at about $29,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

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.