Cboe Global Markets (BATS:CBOE) Price Target Raised to $288.00 at JPMorgan Chase & Co.

Cboe Global Markets (BATS:CBOE) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $277.00 to $288.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 2.17% from the company’s previous close.

A number of other research firms have also recently commented on CBOE. Piper Sandler reduced their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Loop Capital set a $304.00 price objective on shares of Cboe Global Markets in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $302.18.

Cboe Global Markets Stock Performance

BATS CBOE opened at $294.40 on Tuesday. The firm has a market capitalization of $31.22 billion, a P/E ratio of 151.05 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $284.45 and its two-hundred day moving average price is $289.50. Cboe Global Markets has a 1 year low of $227.15 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 EPS. As a group, research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Cboe Global Markets by 13.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after buying an additional 7,012 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 36.6% in the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Brindle & Bay Financial Advisors LLC bought a new position in shares of Cboe Global Markets in the 4th quarter valued at $735,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Cboe Global Markets by 3.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock valued at $113,892,000 after purchasing an additional 15,648 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth $3,831,000. 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.