Cboe Global Markets (NASDAQ:CBOE) had its target price upped by Wells Fargo & Co from $4.75 to $138.00 in a report released on Friday, The Fly reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Wells Fargo & Co’s price target points to a potential upside of 11.25% from the stock’s previous close.
CBOE has been the topic of several other research reports. Bank of America increased their price objective on Cboe Global Markets from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $108.00 price objective on shares of Cboe Global Markets in a research report on Thursday, October 12th. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Monday, October 9th. Deutsche Bank increased their price objective on Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Citigroup increased their price objective on Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $111.50.
Cboe Global Markets (CBOE) opened at $124.04 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14,018.85, a price-to-earnings ratio of 67.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.52. Cboe Global Markets has a 12-month low of $72.64 and a 12-month high of $128.32.
In related news, insider David S. Reynolds sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $109.12, for a total value of $436,480.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $126.28, for a total value of $631,400.00. Following the completion of the transaction, the chairman now owns 70,611 shares in the company, valued at approximately $8,916,757.08. The disclosure for this sale can be found here. Insiders sold 16,989 shares of company stock worth $2,059,320 in the last 90 days. 1.86% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CBOE. Schwab Charles Investment Management Inc. grew its position in Cboe Global Markets by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock valued at $42,133,000 after acquiring an additional 15,956 shares during the last quarter. Prudential Financial Inc. grew its position in Cboe Global Markets by 2.2% in the second quarter. Prudential Financial Inc. now owns 127,432 shares of the financial services provider’s stock valued at $11,647,000 after acquiring an additional 2,780 shares during the last quarter. Principal Financial Group Inc. grew its position in Cboe Global Markets by 4.0% in the second quarter. Principal Financial Group Inc. now owns 147,356 shares of the financial services provider’s stock valued at $13,468,000 after acquiring an additional 5,638 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Cboe Global Markets by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Cboe Global Markets by 2.5% in the second quarter. Oppenheimer & Co. Inc. now owns 2,535 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
About Cboe Global Markets
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).
