Cboe Global Markets (CBOE) Upgraded to “Buy” by Rosenblatt Securities

Cboe Global Markets (NASDAQ:CBOE) was upgraded by Rosenblatt Securities from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts have also weighed in on CBOE. Royal Bank of Canada lowered shares of Cboe Global Markets from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $100.00 to $108.00 in a research report on Monday, October 16th. Citigroup increased their target price on shares of Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Deutsche Bank increased their target price on shares of 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, BidaskClub lowered shares of Cboe Global Markets from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Nine 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 stock. Cboe Global Markets currently has an average rating of “Hold” and an average target price of $114.60.

Cboe Global Markets (CBOE) traded down $4.04 on Monday, reaching $107.11. 7,012,900 shares of the company traded hands, compared to its average volume of 1,553,213. The company has a market capitalization of $12,152.46, a price-to-earnings ratio of 30.17, a P/E/G ratio of 1.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.31. Cboe Global Markets has a one year low of $77.33 and a one year high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. Cboe Global Markets’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. equities analysts predict that Cboe Global Markets will post 4.73 EPS for the current year.

In other news, VP Christopher A. Isaacson sold 7,019 shares of the stock in a transaction dated Friday, December 1st. The shares were 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 of the company’s stock, valued at $11,226,292.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank E. Jr. English sold 300 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $123.80, for a total transaction of $37,140.00. Following the completion of the sale, the director now directly owns 4,214 shares in the company, valued at $521,693.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,989 shares of company stock worth $1,622,840. Insiders own 1.86% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new stake in Cboe Global Markets in the fourth quarter valued at approximately $143,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Cboe Global Markets by 240.0% in 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. IBM Retirement Fund acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $204,000. Advisor Partners LLC acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $228,000. Finally, Suntrust Banks Inc. acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $217,000. 83.54% of the stock is currently owned by institutional investors and hedge funds.

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Cboe Global Markets Company Profile

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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