Cboe Global Markets’ (CBOE) Neutral Rating Reaffirmed at Bank of America

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “neutral” rating reaffirmed by stock analysts at Bank of America in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $227.00 target price on the stock, down from their prior target price of $260.00. Bank of America‘s price objective would indicate a potential upside of 10.30% from the stock’s previous close.

CBOE has been the topic of several other research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 target price for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $216.90.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $205.81 on Thursday. The stock has a market capitalization of $21.55 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $234.37. The stock’s fifty day moving average is $212.54. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by company insiders.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new stake in Cboe Global Markets during the 4th quarter valued at $29,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $29,000. Kestra Investment Management LLC bought a new stake in Cboe Global Markets during the fourth quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter worth $36,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.