Cboe Global Markets (BATS:CBOE) Raised to Hold at Wells Fargo & Company

Cboe Global Markets (BATS:CBOE) was upgraded by stock analysts at Wells Fargo & Company to a “hold” rating in a research note issued to investors on Friday, Zacks reports.

Several other brokerages have also issued reports on CBOE. Barclays increased their target price on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Loop Capital set a $300.00 price target on shares of Cboe Global Markets in a research report on Friday. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $306.73.

Cboe Global Markets Stock Down 2.1%

Shares of Cboe Global Markets stock opened at $271.26 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12-month low of $227.15 and a 12-month high of $371.18. The company has a market cap of $28.77 billion, a P/E ratio of 139.83 and a beta of 0.61. The company’s fifty day simple moving average is $287.96 and its two-hundred day simple moving average is $292.55.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same quarter in the previous year, the firm posted $2.46 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Cboe Global Markets in the second quarter worth $25,000. Keating Financial Advisory Services Inc. bought a new position in Cboe Global Markets in the 2nd quarter worth $26,000. NFSG Corp purchased a new stake in Cboe Global Markets in the 1st quarter worth $31,000. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the second quarter valued at about $27,000. Finally, Western Wealth Management LLC purchased a new position in shares of Cboe Global Markets in the first quarter valued at about $36,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.