The Goldman Sachs Group Upgrades Cboe Global Markets (BATS:CBOE) to Strong-Buy

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

CBOE has been the topic of a number of other research reports. Wells Fargo & Company initiated coverage on shares of Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 price target on the stock. Barclays dropped their price objective on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. TD Cowen boosted their price objective on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $321.18.

Cboe Global Markets Stock Down 1.7%

CBOE stock opened at $292.25 on Monday. 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 company’s 50 day moving average is $286.72 and its 200 day moving average is $292.81. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 150.65 and a beta of 0.61. Cboe Global Markets has a 1-year low of $227.15 and a 1-year high of $371.18.

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

Insiders Place Their Bets

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in 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 buying an additional 33 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of 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 acquiring an additional 41 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of 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 acquiring an additional 42 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Cboe Global Markets by 19.6% in the first quarter. Root Financial Partners LLC now owns 281 shares of the company’s stock worth $79,000 after acquiring an additional 46 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of Cboe Global Markets by 0.7% in the first quarter. Kestra Advisory Services LLC now owns 8,585 shares of the company’s stock worth $2,413,000 after acquiring an additional 60 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.