Bank of America Initiates Coverage on Cboe Global Markets (BATS:CBOE)

Posted by Defense World Staff on Sep 10th, 2023

Investment analysts at Bank of America began coverage on shares of Cboe Global Markets (BATS:CBOE – Get Free Report) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $168.00 price target on the stock. Bank of America‘s price objective suggests a potential upside of 9.76% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. StockNews.com began coverage on Cboe Global Markets in a report on Thursday, May 18th. They issued a “hold” rating for the company. Oppenheimer lifted their target price on Cboe Global Markets from $161.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Barclays lifted their target price on Cboe Global Markets from $146.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Argus lifted their target price on Cboe Global Markets from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Rosenblatt Securities lifted their target price on Cboe Global Markets from $171.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $148.91.

Get Our Latest Analysis on CBOE

Cboe Global Markets Stock Down 0.3 %

Shares of CBOE opened at $153.06 on Friday. The business’s 50 day moving average is $144.89 and its 200 day moving average is $139.66. The company has a market capitalization of $16.23 billion, a PE ratio of 78.90 and a beta of 0.61. Cboe Global Markets has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, August 4th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. The business had revenue of $467.10 million during the quarter, compared to analysts’ expectations of $469.31 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 3,850 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $149.08, for a total value of $573,958.00. Following the completion of the transaction, the chief operating officer now directly owns 54,599 shares of the company’s stock, valued at approximately $8,139,618.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Christopher A. Isaacson sold 3,850 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $149.08, for a total transaction of $573,958.00. Following the transaction, the chief operating officer now directly owns 54,599 shares in the company, valued at approximately $8,139,618.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward T. Tilly sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $135.68, for a total value of $1,085,440.00. Following the transaction, the chief executive officer now owns 185,983 shares in the company, valued at $25,234,173.44. The disclosure for this sale can be found here. In the last three months, insiders sold 32,901 shares of company stock valued at $4,665,780. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Large investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its stake in Cboe Global Markets by 93.5% during the 1st quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Cboe Global Markets by 3,771.4% during the first quarter. Global Retirement Partners LLC now owns 271 shares of the company’s stock worth $37,000 after acquiring an additional 264 shares during the period. Parkside Financial Bank & Trust grew its holdings in Cboe Global Markets by 64.8% during the first quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $37,000 after acquiring an additional 107 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Cboe Global Markets by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 296 shares of the company’s stock worth $41,000 after acquiring an additional 120 shares during the period. Finally, City State Bank acquired a new stake in Cboe Global Markets during the second quarter worth about $41,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Cboe Global Markets

(Get Free Report)

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.