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

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

A number of other analysts have also issued reports on CBOE. Piper Sandler boosted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. UBS Group increased their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada reaffirmed 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. 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 issued a Sell rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Up 3.7%

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

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. On average, equities analysts forecast that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’s 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 sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its stake in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets in the 4th quarter valued at $26,000. NFSG Corp purchased a new position in Cboe Global Markets in the 1st quarter valued at $31,000. Western Wealth Management LLC purchased a new position in Cboe Global Markets in the 1st quarter valued at $36,000. Finally, Elyxium Wealth LLC purchased a new position in Cboe Global Markets in the 4th quarter valued at $33,000. Institutional investors and hedge funds 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.