Cboe Global Markets (BATS:CBOE) Stock Rating Upgraded by The Goldman Sachs Group

Cboe Global Markets (BATS:CBOE) was upgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company initiated coverage on Cboe Global Markets in a research note on Friday, October 2nd. They set an “equal weight” rating and a $301.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Loop Capital set a $343.00 target price on Cboe Global Markets in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Barclays lowered their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $321.18.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $292.25 on Monday. 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 business’s 50 day moving average price is $286.72 and its 200-day moving average price is $292.81. Cboe Global Markets has a 52 week low of $227.15 and a 52 week high of $371.18. The stock has a market cap of $31.00 billion, a P/E ratio of 150.65 and a beta of 0.61.

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

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing 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 owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its position in shares of Cboe Global Markets by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares during the period. Arkadios Wealth Advisors raised its position in Cboe Global Markets by 4.7% in the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after purchasing an additional 41 shares during the period. Centaurus Financial Inc. raised its position in Cboe Global Markets by 1.0% in the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock valued at $1,138,000 after purchasing an additional 42 shares during the period. Root Financial Partners LLC raised its position in Cboe Global Markets by 19.6% in the first quarter. Root Financial Partners LLC now owns 281 shares of the company’s stock valued at $79,000 after purchasing an additional 46 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in Cboe Global Markets by 0.7% during the first quarter. Kestra Advisory Services LLC now owns 8,585 shares of the company’s stock worth $2,413,000 after purchasing an additional 60 shares in the last quarter. 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.