Cboe Global Markets (BATS:CBOE) Stock Bumped Up to “Strong-Buy” by The Goldman Sachs Group

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

CBOE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Loop Capital set a $343.00 target price on Cboe Global Markets in a report on Wednesday, October 7th. Morgan Stanley raised Cboe Global Markets from an “underweight” rating to an “overweight” rating and increased their price target for the company from $258.00 to $358.00 in a research report on Friday, October 9th. Finally, Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $321.18.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $292.25 on Monday. 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 firm has a 50-day moving average of $286.72 and a 200-day moving average of $292.81. Cboe Global Markets has a one year low of $227.15 and a one year high of $371.18. The company has a market cap of $31.00 billion, a P/E ratio of 150.65 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $716.61 million. During the same period in the previous year, the company earned $2.46 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Insider Activity at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently bought and sold shares of CBOE. BlackRock Inc. purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG purchased a new stake in shares of Cboe Global Markets in the second quarter worth $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets in the second quarter worth $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cboe Global Markets by 5.5% during the second 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 buying an additional 51,784 shares during the period. Finally, Bank of America Corp DE boosted its stake in 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 buying an additional 68,742 shares during the period. 81.73% of the stock is owned by institutional investors.

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.