Erste Group Bank Downgrades Cboe Global Markets (BATS:CBOE) to Hold

Cboe Global Markets (BATS:CBOE) was downgraded by investment analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports.

CBOE has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler lifted their price target on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Morgan Stanley lifted their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. TD Cowen lifted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Stock Performance

CBOE opened at $286.03 on Friday. The stock has a market cap of $30.34 billion, a P/E ratio of 147.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $316.35 and its 200 day simple moving average is $285.79. Cboe Global Markets has a 1-year low of $218.14 and a 1-year high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 EPS. Cboe Global Markets’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, equities analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors have recently added to or reduced their stakes in CBOE. Parallel Advisors LLC increased its holdings in shares of Cboe Global Markets by 11.7% in the first quarter. Parallel Advisors LLC now owns 2,757 shares of the company’s stock valued at $775,000 after buying an additional 288 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at $5,295,000. BankChampaign National Association bought a new position in shares of Cboe Global Markets in the first quarter valued at $398,000. SHUTTLEWORTH & Co increased its holdings in shares of Cboe Global Markets by 0.8% in the first quarter. SHUTTLEWORTH & Co now owns 8,405 shares of the company’s stock valued at $2,362,000 after buying an additional 66 shares in the last quarter. Finally, Norris Financial Group LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at $2,735,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.