Cboe Global Markets (NASDAQ:CBOE) Raised to “Overweight” at Morgan Stanley

Cboe Global Markets (NASDAQ:CBOE) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “overweight” rating in a note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $235.00 target price on the stock. Morgan Stanley’s target price indicates a potential upside of 13.38% from the stock’s current price.

A number of other equities research analysts have also issued reports on CBOE. Barclays increased their price objective on shares of Cboe Global Markets from $216.00 to $232.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Bank of America increased their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Loop Capital set a $260.00 target price on Cboe Global Markets in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $217.67.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $207.27 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The business has a fifty day moving average price of $212.34. The company has a market cap of $21.70 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business posted $2.06 earnings per share. Analysts forecast that Cboe Global Markets will post 8.96 EPS for the current year.

Insider Buying and Selling

In other news, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $29,000. Lee Danner & Bass Inc. purchased a new stake in Cboe Global Markets in the 4th quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth about $31,000. Sugar Maple Asset Management LLC bought a new stake in Cboe Global Markets in the fourth quarter worth about $36,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $37,000. Institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.