Cboe Global Markets (NASDAQ:CBOE) had its target price cut by research analysts at Bank of America from $139.00 to $123.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America’s price objective would indicate a potential upside of 14.84% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a report on Tuesday, January 9th. Citigroup boosted their price target on Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Deutsche Bank boosted their price target on Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Finally, Wells Fargo & Co boosted their price target on Cboe Global Markets from $4.75 to $138.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $115.40.
Cboe Global Markets (CBOE) traded down $4.04 during midday trading on Monday, reaching $107.11. The company had a trading volume of 7,012,900 shares, compared to its average volume of 1,587,764. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. Cboe Global Markets has a one year low of $77.33 and a one year high of $138.54. The stock has a market cap of $12,152.46, a PE ratio of 30.17, a PEG ratio of 1.15 and a beta of 0.46.
In other news, Director Frank E. Jr. English sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was 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 approximately $521,693.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 7,019 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $124.42, for a total value of $873,303.98. Following the sale, the vice president now directly owns 90,229 shares in the company, valued at $11,226,292.18. The disclosure for this sale can be found here. Insiders have sold a total of 12,989 shares of company stock worth $1,622,840 over the last ninety days. Insiders own 1.86% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. purchased a new stake in Cboe Global Markets during the 4th quarter valued at $217,000. Baird Financial Group Inc. raised its holdings in Cboe Global Markets by 15.8% during the 4th quarter. Baird Financial Group Inc. now owns 3,819 shares of the financial services provider’s stock valued at $476,000 after buying an additional 520 shares during the period. Norinchukin Bank The raised its holdings in Cboe Global Markets by 13.3% during the 4th quarter. Norinchukin Bank The now owns 5,688 shares of the financial services provider’s stock valued at $709,000 after buying an additional 669 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Cboe Global Markets by 42.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 175,155 shares of the financial services provider’s stock valued at $21,823,000 after buying an additional 51,837 shares during the period. Finally, American International Group Inc. raised its holdings in Cboe Global Markets by 12.6% during the 4th quarter. American International Group Inc. now owns 37,846 shares of the financial services provider’s stock valued at $4,715,000 after buying an additional 4,222 shares during the period. Institutional investors own 83.54% 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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