BidaskClub Downgrades Cboe Global Markets (CBOE) to Hold

BidaskClub lowered shares of Cboe Global Markets (NASDAQ:CBOE) from a buy rating to a hold rating in a report issued on Thursday, February 1st.

A number of other equities research analysts have also issued reports on CBOE. Royal Bank of Canada lowered shares of Cboe Global Markets from an outperform rating to a sector perform rating and lifted their price objective for the company from $100.00 to $108.00 in a research note on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $108.00 price objective on shares of Cboe Global Markets in a research note on Thursday, October 12th. Bank of America lifted their price objective on shares of Cboe Global Markets from $113.00 to $120.00 and gave the company a buy rating in a research note on Monday, October 9th. Wells Fargo & Co reaffirmed an outperform rating and issued a $120.00 price objective (up previously from $106.00) on shares of Cboe Global Markets in a research note on Thursday, October 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Cboe Global Markets from a hold rating to a buy rating and set a $121.00 target price on the stock in a report on Monday, October 9th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $114.70.

Cboe Global Markets (NASDAQ:CBOE) traded down $4.04 during trading on Thursday, reaching $107.11. 6,806,650 shares of the company’s stock traded hands, compared to its average volume of 1,464,676. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $12,152.49, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.15 and a beta of 0.46. Cboe Global Markets has a 12-month low of $76.75 and a 12-month high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $265.60 million for the quarter, compared to analyst estimates of $267.25 million. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The company’s quarterly revenue was up 85.7% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. analysts predict that Cboe Global Markets will post 4.73 EPS for the current fiscal year.

In other news, VP Christopher A. Isaacson sold 7,019 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $124.42, for a total transaction of $873,303.98. Following the transaction, the vice president now directly owns 90,229 shares in the company, valued at $11,226,292.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the transaction, the chairman now owns 70,611 shares in the company, valued at $8,916,757.08. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989 shares of company stock worth $1,622,840. 1.86% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Cboe Global Markets by 10.8% during the fourth quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after buying an additional 786,423 shares during the last quarter. State Street Corp raised its stake in shares of Cboe Global Markets by 17.2% during the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after buying an additional 604,328 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Cboe Global Markets by 2.2% during the third quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after buying an additional 50,004 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cboe Global Markets by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock worth $199,050,000 after buying an additional 87,229 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Cboe Global Markets by 10.4% during the third quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock worth $163,635,000 after buying an additional 142,667 shares during the last quarter. Institutional investors own 83.99% of the company’s stock.

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Cboe Global Markets Company Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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