Cboe Global Markets (CBOE) Lifted to “Buy” at BidaskClub

Cboe Global Markets (NASDAQ:CBOE) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

CBOE has been the topic of several other reports. Bank of America boosted their target price on Cboe Global Markets from $113.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $108.00 target price on shares of Cboe Global Markets in a research note on Thursday, October 12th. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Monday, October 9th. Wells Fargo & Co boosted their target price on Cboe Global Markets from $4.75 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, Deutsche Bank boosted their target price on Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.10.

Cboe Global Markets (NASDAQ CBOE) opened at $137.02 on Friday. Cboe Global Markets has a fifty-two week low of $76.75 and a fifty-two week high of $137.63. The stock has a market capitalization of $15,440.00, a price-to-earnings ratio of 74.06, a PEG ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.57.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. The business had revenue of $269.70 million for the quarter, compared to the consensus estimate of $270.14 million. During the same period last year, the business posted $0.72 EPS. The business’s revenue was up 98.0% compared to the same quarter last year. sell-side analysts anticipate that Cboe Global Markets will post 3.43 earnings per share for the current fiscal year.

In other Cboe Global Markets news, VP Christopher A. Isaacson sold 7,019 shares of Cboe Global Markets stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $124.42, for a total transaction of $873,303.98. Following the completion of the sale, the vice president now owns 90,229 shares of the company’s stock, valued at approximately $11,226,292.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of Cboe Global Markets stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $126.28, for a total value of $631,400.00. Following the sale, the chairman now directly owns 70,611 shares of the company’s stock, valued at approximately $8,916,757.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,989 shares of company stock valued at $1,622,840. 1.86% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in Cboe Global Markets by 17.2% during the 2nd quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after acquiring an additional 604,328 shares during the period. Artisan Partners Limited Partnership lifted its position in Cboe Global Markets by 2.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after acquiring an additional 50,004 shares during the period. Wells Fargo & Company MN lifted its position in Cboe Global Markets by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock worth $163,635,000 after acquiring an additional 142,667 shares during the period. Bank of New York Mellon Corp lifted its position in Cboe Global Markets by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,510,418 shares of the financial services provider’s stock worth $162,567,000 after acquiring an additional 45,666 shares during the period. Finally, American Century Companies Inc. lifted its position in Cboe Global Markets by 1.2% during the 3rd quarter. American Century Companies Inc. now owns 1,273,313 shares of the financial services provider’s stock worth $137,047,000 after acquiring an additional 14,955 shares during the period. 83.61% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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