Cboe Global Markets (BATS:CBOE) Stock Rating Upgraded by TD Cowen

Cboe Global Markets (BATS:CBOE) was upgraded by TD Cowen from a “hold” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a $334.00 price objective on the stock, up from their prior price objective of $315.00. TD Cowen’s price target suggests a potential upside of 20.06% from the stock’s current price.

Several other research analysts have also recently issued reports on CBOE. Wells Fargo & Company assumed coverage on shares of Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 target price on the stock. Barclays increased their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Piper Sandler decreased their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, Loop Capital set a $300.00 price objective on shares of Cboe Global Markets in a research note on Friday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $308.45.

Cboe Global Markets Trading Up 0.3%

BATS CBOE opened at $278.20 on Monday. The firm has a market cap of $29.51 billion, a PE ratio of 143.40 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. The stock has a 50-day moving average of $287.35 and a 200-day moving average of $292.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were 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 of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $491,465,000. Jupiter Topco LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Cboe Global Markets by 10.1% during the first quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after purchasing an additional 68,742 shares in the last quarter. 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.