Cboe Global Markets’ (CBOE) “Outperform” Rating Reaffirmed at Wells Fargo & Co

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Co in a report released on Monday. They currently have a $120.00 target price on the financial services provider’s stock, down from their previous target price of $138.00. Wells Fargo & Co’s price objective indicates a potential upside of 4.35% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $147.00 target price for the company in a research note on Tuesday, January 9th. BidaskClub raised Cboe Global Markets from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Citigroup boosted their target price on Cboe Global Markets from $93.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Deutsche Bank boosted their target price on Cboe Global Markets from $106.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $130.00 target price on shares of Cboe Global Markets in a research note on Friday, December 22nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $118.64.

Cboe Global Markets (CBOE) traded up $2.78 during trading hours on Monday, reaching $115.00. The company’s stock had a trading volume of 2,331,800 shares, compared to its average volume of 1,657,925. Cboe Global Markets has a 1 year low of $77.33 and a 1 year high of $138.54. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12,732.23, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.38 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The business had revenue of $265.60 million during the quarter, compared to analyst estimates of $267.25 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was up 85.7% on a year-over-year basis. equities analysts expect that Cboe Global Markets will post 4.63 earnings per share for the current year.

In related news, Director Frank E. Jr. English sold 300 shares of the company’s 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 sale, the director now owns 4,214 shares in the company, valued at $521,693.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher A. Isaacson sold 7,019 shares of the company’s stock in a transaction dated 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 owns 90,229 shares in the company, valued at approximately $11,226,292.18. 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 ninety days. 1.86% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Cboe Global Markets by 10.8% during the fourth quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after acquiring an additional 786,423 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Cboe Global Markets by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock worth $563,147,000 after acquiring an additional 130,300 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Cboe Global Markets by 2.2% during the third 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in Cboe Global Markets by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock worth $199,050,000 after acquiring an additional 87,229 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Cboe Global Markets by 10.4% during the third 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 in the last quarter. Institutional investors and hedge funds own 83.54% of the company’s stock.

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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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