Goldman Sachs Group Lowers Cboe Global Markets (CBOE) to Neutral

Cboe Global Markets (NASDAQ:CBOE) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

CBOE has been the topic of several other research reports. BidaskClub upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. 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. Deutsche Bank boosted their price objective on shares of Cboe Global Markets from $106.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. JPMorgan Chase & Co. cut shares of Cboe Global Markets from an “overweight” rating to a “neutral” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $114.10.

Shares of Cboe Global Markets (NASDAQ:CBOE) opened at $116.94 on Wednesday. Cboe Global Markets has a 1 year low of $76.75 and a 1 year high of $138.54. The firm has a market cap of $14,809.65, a price-to-earnings ratio of 63.55, a P/E/G ratio of 1.40 and a beta of 0.46. 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 for the quarter, topping the consensus estimate of $0.88 by $0.01. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The company had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $270.14 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. Cboe Global Markets’s quarterly revenue was up 98.0% on a year-over-year basis. analysts forecast that Cboe Global Markets will post 3.43 EPS for the current fiscal year.

In other news, Director Christopher Mitchell sold 670 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total transaction of $80,996.30. Following the completion of the sale, the director now directly owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 300 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $123.80, for a total transaction of $37,140.00. Following the sale, the director now directly owns 4,214 shares of the company’s stock, valued at $521,693.20. The disclosure for this sale can be found here. Insiders have sold 12,989 shares of company stock valued at $1,622,840 over the last three months. Insiders own 1.86% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $143,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Cboe Global Markets by 240.0% during the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 960 shares during the period. W. E. Donoghue & Co. LLC purchased a new stake in shares of Cboe Global Markets during the second quarter valued at $203,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Cboe Global Markets by 720.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 1,656 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its stake in shares of Cboe Global Markets by 329.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,896 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 1,454 shares during the period. 83.99% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/07/goldman-sachs-group-lowers-cboe-global-markets-cboe-to-neutral.html.

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).

The Fly

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

Leave a Reply