Cboe Global Markets (CBOE) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a neutral rating to a buy rating in a research note released on Monday morning, MarketBeat.com reports.

A number of other equities research analysts have also weighed in on CBOE. Citigroup lowered their target price on Cboe Global Markets from $125.00 to $120.00 and set a neutral rating for the company in a research note on Monday. Deutsche Bank raised Cboe Global Markets from a hold rating to a buy rating and lowered their target price for the company from $137.00 to $120.00 in a research note on Monday. BidaskClub lowered Cboe Global Markets from a buy rating to a hold rating in a research note on Thursday, February 1st. Wells Fargo & Co reissued an outperform rating and issued a $120.00 target price (down previously from $138.00) on shares of Cboe Global Markets in a research note on Monday. Finally, Goldman Sachs Group lowered Cboe Global Markets from a buy rating to a neutral rating in a research note on Wednesday, February 7th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $118.64.

Shares of Cboe Global Markets (CBOE) opened at $115.00 on Monday. Cboe Global Markets has a 52 week low of $77.33 and a 52 week high of $138.54. The company has a quick ratio of 1.57, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12,732.23, a PE ratio of 32.39, a PEG ratio of 1.38 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share 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 company had revenue of $265.60 million during the quarter, compared to the consensus estimate of $267.25 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up 85.7% on a year-over-year basis. analysts expect that Cboe Global Markets will post 4.63 earnings per share for the current year.

In other Cboe Global Markets news, 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 transaction of $873,303.98. Following the completion of the transaction, the vice president now owns 90,229 shares of the company’s stock, valued at approximately $11,226,292.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $126.28, for a total value of $631,400.00. Following the transaction, 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. Insiders have sold a total of 12,989 shares of company stock valued at $1,622,840 in the last ninety days. 1.86% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after purchasing an additional 786,423 shares during the last quarter. Renaissance Technologies LLC raised its position in Cboe Global Markets by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock valued at $563,147,000 after purchasing an additional 130,300 shares during the last quarter. Artisan Partners Limited Partnership raised 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 valued at $249,557,000 after purchasing an additional 50,004 shares during the last quarter. Bank of New York Mellon Corp raised its position in Cboe Global Markets by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock valued at $199,050,000 after purchasing an additional 87,229 shares during the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $163,635,000 after purchasing an additional 142,667 shares during the last quarter. 83.54% of the stock is 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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