Cboe Global Markets (CBOE) Rating Increased to Buy at Deutsche Bank
Cboe Global Markets (NASDAQ:CBOE) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $127.00 price objective on the financial services provider’s stock, up from their prior price objective of $120.00. Deutsche Bank’s price objective would indicate a potential upside of 10.43% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Barclays dropped their price target on shares of Cboe Global Markets from $127.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday. BidaskClub downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Goldman Sachs Group downgraded shares of Cboe Global Markets from a “buy” rating to a “neutral” rating in a report on Wednesday, February 7th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $120.00 price target (down previously from $138.00) on shares of Cboe Global Markets in a report on Monday. Finally, JPMorgan Chase & Co. downgraded shares of Cboe Global Markets from an “overweight” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Wednesday, February 7th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $118.64.
Shares of Cboe Global Markets (NASDAQ CBOE) opened at $115.00 on Tuesday. Cboe Global Markets has a 1 year low of $77.33 and a 1 year high of $138.54. The company has a market cap of $12,730.00, a PE ratio of 32.39, a P/E/G ratio of 1.20 and a beta of 0.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.31.
In related news, VP Christopher A. Isaacson sold 7,019 shares of the firm’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 value of $873,303.98. Following the transaction, the vice president now 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 accessible through this link. Also, Director Frank E. Jr. English sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $123.80, for a total transaction of $37,140.00. Following the completion of the transaction, the director now directly owns 4,214 shares in the company, valued at approximately $521,693.20. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989 shares of company stock worth $1,622,840. 1.86% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wisconsin Investment Board raised its stake in Cboe Global Markets by 8.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 95,227 shares of the financial services provider’s stock worth $10,249,000 after acquiring an additional 7,178 shares during the period. AMP Capital Investors Ltd raised its stake in Cboe Global Markets by 9.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 109,430 shares of the financial services provider’s stock worth $11,779,000 after acquiring an additional 9,182 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Cboe Global Markets by 24.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 98,361 shares of the financial services provider’s stock worth $10,587,000 after acquiring an additional 19,211 shares during the period. Neuberger Berman Group LLC raised its stake in Cboe Global Markets by 0.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 310,803 shares of the financial services provider’s stock worth $33,452,000 after acquiring an additional 1,868 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in Cboe Global Markets by 2.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after acquiring an additional 50,004 shares during the period. 83.54% of the stock is currently owned by institutional investors.
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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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