Cboe Global Markets’ (CBOE) “Buy” Rating Reiterated at UBS Group
Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS Group in a report released on Tuesday, The Fly reports. They currently have a $120.00 target price on the financial services provider’s stock, down from their prior target price of $136.00. UBS Group’s price objective would suggest a potential upside of 8.42% from the company’s previous close.
CBOE has been the subject of a number of other reports. Rosenblatt Securities raised shares of Cboe Global Markets from a “neutral” rating to a “buy” rating in a research note on Monday. BidaskClub raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Deutsche Bank boosted their target price on shares of Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. downgraded shares of Cboe Global Markets from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Wednesday, February 7th. Finally, Zacks Investment Research downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $115.82.
Cboe Global Markets (NASDAQ:CBOE) opened at $110.68 on Tuesday. Cboe Global Markets has a 1-year low of $77.33 and a 1-year high of $138.54. The stock has a market cap of $12,152.46, a PE ratio of 31.18, a P/E/G ratio of 1.15 and a beta of 0.46. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40.
In related news, VP Christopher A. Isaacson sold 7,019 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $124.42, for a total transaction of $873,303.98. Following the completion of the sale, the vice president now directly owns 90,229 shares of the company’s stock, valued at $11,226,292.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher Mitchell sold 670 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $120.89, for a total transaction of $80,996.30. Following the sale, the director now directly owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,989 shares of company stock valued at $1,622,840. Insiders own 1.86% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $143,000. AlphaOne Investment Services LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $162,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Cboe Global Markets by 240.0% during the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock worth $169,000 after buying an additional 960 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $204,000. Finally, Advisor Partners LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $228,000. 83.54% of the stock is owned by institutional investors and hedge funds.
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About Cboe Global Markets
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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