Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, Barclays Analyst Says

Cboe Global Markets (NASDAQ:CBOE - Free Report) had its price target increased by Barclays from $216.00 to $232.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on CBOE. Bank of America lifted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. William Blair initiated coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating for the company. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research report on Wednesday, April 2nd. Finally, Oppenheimer reduced their target price on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of "Hold" and an average target price of $218.80.

Cboe Global Markets Trading Up 2.4 %

Shares of CBOE traded up $5.07 during midday trading on Monday, hitting $215.09. 1,190,618 shares of the company's stock traded hands, compared to its average volume of 888,846. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.52 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $234.37. The company's fifty day moving average is $212.67.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the company posted $2.06 earnings per share. On average, equities research analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. Cboe Global Markets's payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value 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. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. acquired a new position in Cboe Global Markets in the first quarter valued at $27,000. Greenline Partners LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at about $29,000. Lee Danner & Bass Inc. acquired a new position in Cboe Global Markets in the 4th quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $36,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

About Cboe Global Markets

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.