Cboe Global Markets (BATS:CBOE) Upgraded by Zacks Research to Strong-Buy Rating

Cboe Global Markets (BATS:CBOE) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

CBOE has been the subject of a number of other research reports. TD Cowen raised their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Up 3.7%

Shares of BATS:CBOE opened at $290.60 on Monday. Cboe Global Markets has a 52-week low of $218.58 and a 52-week high of $371.18. The company has a market cap of $30.82 billion, a P/E ratio of 149.79 and a beta of 0.61. The stock’s 50-day moving average is $316.81 and its 200-day moving average is $286.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current year.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently modified their holdings of CBOE. Norges Bank purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $354,578,000. First Trust Advisors LP increased its position in Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after acquiring an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Cboe Global Markets by 1,340.0% during the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after acquiring an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cboe Global Markets by 2,425.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after buying an additional 635,199 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Cboe Global Markets during the third quarter valued at approximately $107,052,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.