Citigroup Lowers Cboe Global Markets (CBOE) Price Target to $120.00
Cboe Global Markets (NASDAQ:CBOE) had its price objective cut by Citigroup from $125.00 to $120.00 in a research report report published on Monday. They currently have a neutral rating on the financial services provider’s stock.
CBOE has been the topic of a number of other reports. BidaskClub raised Cboe Global Markets from a hold rating to a buy rating in a report on Friday, January 26th. Deutsche Bank upped their price objective on Cboe Global Markets from $106.00 to $108.00 and gave the company a hold rating in a report on Wednesday, November 8th. JPMorgan Chase & Co. lowered Cboe Global Markets from an overweight rating to a neutral rating and set a $84.00 price objective on the stock. in a report on Wednesday, February 7th. Zacks Investment Research lowered Cboe Global Markets from a buy rating to a hold rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada lowered Cboe Global Markets from an outperform rating to a sector perform rating and upped their price objective for the company from $100.00 to $108.00 in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Cboe Global Markets currently has an average rating of Buy and a consensus target price of $118.64.
Cboe Global Markets (NASDAQ CBOE) opened at $115.00 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.31. The firm has a market capitalization of $12,732.23, a P/E ratio of 32.39, a P/E/G ratio of 1.38 and a beta of 0.46. Cboe Global Markets has a 1-year low of $77.33 and a 1-year high of $138.54.
In other news, VP Christopher A. Isaacson sold 7,019 shares of the company’s stock in a transaction on Friday, December 1st. The stock was 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 in the company, valued at approximately $11,226,292.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $126.28, for a total value of $631,400.00. Following the sale, the chairman now owns 70,611 shares of the company’s stock, valued at $8,916,757.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,989 shares of company stock valued at $1,622,840. Corporate insiders own 1.86% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $260,000. Elkhorn Investments LLC lifted its position in shares of Cboe Global Markets by 7.4% during the 4th quarter. Elkhorn Investments LLC now owns 13,037 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 897 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Cboe Global Markets by 10.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 21,332 shares of the financial services provider’s stock valued at $2,656,000 after acquiring an additional 1,971 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Cboe Global Markets by 12.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 421,933 shares of the financial services provider’s stock valued at $52,569,000 after acquiring an additional 48,236 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of Cboe Global Markets by 30.4% during the 4th quarter. Teachers Advisors LLC now owns 183,819 shares of the financial services provider’s stock valued at $22,902,000 after acquiring an additional 42,815 shares during the period. Hedge funds and other institutional investors own 83.54% of the company’s stock.
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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