Cboe Global Markets (BATS:CBOE) Coverage Initiated at Erste Group Bank

Erste Group Bank assumed coverage on shares of Cboe Global Markets (BATS:CBOE) in a report released on Tuesday. The firm set a “buy” rating on the stock.

A number of other research firms have also commented on CBOE. Barclays lifted their price objective 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. TD Cowen upped their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. UBS Group increased their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, Piper Sandler upped their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Five 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Stock Up 0.6%

Shares of BATS CBOE traded up $2.22 during mid-day trading on Tuesday, reaching $352.70. 162,020 shares of the company traded hands, compared to its average volume of 896,316. The company’s fifty day moving average is $298.84 and its two-hundred day moving average is $274.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets has a fifty-two week low of $212.75 and a fifty-two week high of $353.63. The stock has a market cap of $37.41 billion, a PE ratio of 181.44 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced 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. 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 during the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the prior year, the business earned $2.50 earnings per share. The company’s revenue was up 29.0% on a year-over-year basis. On average, analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director owned 12,921 shares in the company, valued at $3,693,726.27. This trade represents a 23.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the transaction, the director owned 4,761 shares in the company, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,695 shares of company stock worth $1,628,981 in the last 90 days. 0.51% of the stock is owned by company insiders.

Institutional Trading of Cboe Global Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $354,578,000. First Trust Advisors LP raised its position in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after buying an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after buying an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $107,052,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.