Erste Group Bank initiated coverage on shares of Cboe Global Markets (BATS:CBOE – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Argus upgraded Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods lifted their price target on shares of 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. TD Cowen boosted their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Piper Sandler boosted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $322.60.
Get Our Latest Report on Cboe Global Markets
Cboe Global Markets Trading Up 0.6%
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. As a group, research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,695 shares of company stock worth $1,628,981 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Cboe Global Markets
Several institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. Oregon Public Employees Retirement Fund boosted its stake in Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after buying an additional 33 shares in the last quarter. Kendall Capital Management lifted its holdings in Cboe Global Markets by 0.5% during the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after buying an additional 40 shares during the period. SHUTTLEWORTH & Co grew its position in shares of Cboe Global Markets by 0.5% in the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after buying an additional 41 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Cboe Global Markets by 4.1% in the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after buying an additional 42 shares during the period. Finally, Norinchukin Bank The raised its position in shares of Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares during the last quarter. 81.73% of the stock is currently 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.
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