Cboe Global Markets (BATS:CBOE) Upgraded to “Hold” at Argus

Cboe Global Markets (BATS:CBOE) was upgraded by research analysts at Argus to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on CBOE. Piper Sandler raised their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Barclays boosted their target price on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. UBS Group restated a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $279.00.

Cboe Global Markets Trading Up 2.2%

Shares of CBOE stock opened at $290.25 on Wednesday. Cboe Global Markets has a twelve month low of $200.88 and a twelve month high of $305.68. The stock’s fifty day simple moving average is $276.87 and its 200 day simple moving average is $256.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $30.78 billion, a P/E ratio of 149.61 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.93 by $0.13. The firm had revenue of $671.10 million during the quarter, compared to the consensus estimate of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. As a group, sell-side analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 5,695 shares of company stock worth $1,628,981. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Cboe Global Markets

A number of large investors have recently bought and sold shares of CBOE. Norges Bank bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $354,578,000. First Trust Advisors LP increased its holdings in Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after buying an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Cboe Global Markets by 2,425.2% in 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 3rd quarter worth approximately $107,052,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.