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

Cboe Global Markets (BATS:CBOE) was downgraded by equities researchers at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat reports.

Several other research firms have also recently commented on CBOE. Loop Capital set a $382.00 target price on Cboe Global Markets in a research note on Monday, May 4th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. UBS Group boosted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Barclays boosted their target price on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Price Performance

CBOE stock opened at $286.03 on Friday. 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 has a market capitalization of $30.34 billion, a PE ratio of 147.44 and a beta of 0.61. Cboe Global Markets has a 12-month low of $218.14 and a 12-month high of $371.18. The business’s fifty day moving average price is $316.35 and its 200 day moving average price is $285.79.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $688.36 million. During the same quarter in the previous year, the business earned $2.50 EPS. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of Cboe Global Markets in the third quarter valued at approximately $4,156,000. Andra AP fonden increased its holdings in shares of Cboe Global Markets by 7.9% in the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after purchasing an additional 9,100 shares during the period. Nordea Investment Management AB increased its holdings in shares of Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after purchasing an additional 237,887 shares during the period. First Trust Advisors LP increased its holdings in shares of Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after purchasing an additional 991,209 shares during the period. Finally, Candriam S.C.A. increased its holdings in shares of Cboe Global Markets by 91.7% in the third quarter. Candriam S.C.A. now owns 89,839 shares of the company’s stock valued at $22,033,000 after purchasing an additional 42,984 shares during the period. 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.