Cboe Global Markets (BATS:CBOE) Raised to Hold at Argus

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

Several other analysts also recently commented on CBOE. UBS Group restated a “neutral” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Barclays raised their price objective on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Piper Sandler boosted their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Loop Capital set a $317.00 target price on Cboe Global Markets in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $279.00.

Cboe Global Markets Trading Up 2.2%

BATS:CBOE opened at $290.25 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 149.61 and a beta of 0.61. The firm has a fifty day simple moving average of $276.87 and a two-hundred day simple moving average of $256.52. Cboe Global Markets has a 12 month low of $200.88 and a 12 month high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. Analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insider Activity

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the sale, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 over the last quarter. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $354,578,000. First Trust Advisors LP lifted its holdings 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 worth $356,040,000 after acquiring an additional 991,209 shares during the period. Balyasny Asset Management L.P. boosted its position 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 worth $183,854,000 after purchasing an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $166,009,000 after purchasing an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Cboe Global Markets in the 3rd quarter valued at $107,052,000. Hedge funds and other 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. 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.