Cboe Global Markets’ (CBOE) Outperform Rating Reiterated at Oppenheimer

Cboe Global Markets (BATS:CBOE)‘s stock had its “outperform” rating restated by Oppenheimer in a note issued to investors on Monday, Benzinga reports. They currently have a $206.00 price objective on the stock. Oppenheimer’s price target would indicate a potential upside of 14.65% from the company’s previous close.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a report on Thursday, April 4th. Barclays raised their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Citigroup raised their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Rosenblatt Securities increased their price target on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $190.18.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $179.67 on Monday. The firm has a 50 day moving average of $182.47 and a 200 day moving average of $179.75. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 92.61 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 52 week low of $103.82 and a 52 week high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.11. The company had revenue of $502.10 million during the quarter, compared to analyst estimates of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. On average, sell-side analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the transaction, the executive vice president now owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors have recently made changes to their positions in the company. Metis Global Partners LLC raised its position in Cboe Global Markets by 12.7% during the third quarter. Metis Global Partners LLC now owns 5,239 shares of the company’s stock valued at $818,000 after purchasing an additional 592 shares in the last quarter. Exencial Wealth Advisors LLC increased its stake in shares of Cboe Global Markets by 17.7% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 3,427 shares of the company’s stock worth $535,000 after purchasing an additional 516 shares during the last quarter. Monument Capital Management purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $215,000. Illinois Municipal Retirement Fund increased its stake in shares of Cboe Global Markets by 30.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,004 shares of the company’s stock worth $1,429,000 after purchasing an additional 1,883 shares during the last quarter. Finally, McGuire Investment Group LLC increased its stake in shares of Cboe Global Markets by 0.9% during the 4th quarter. McGuire Investment Group LLC now owns 94,024 shares of the company’s stock worth $16,789,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

About Cboe Global Markets

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.