Cboe Global Markets (CBOE) Price Target Increased to $138.00 by Analysts at Wells Fargo & Co

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.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. The firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $270.14 million. Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. The company’s quarterly revenue was up 98.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. sell-side analysts forecast that Cboe Global Markets will post 3.41 earnings per share for the current fiscal year.

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.

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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).

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Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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