Oppenheimer Reiterates “Outperform” Rating for Cboe Global Markets (BATS:CBOE)

Oppenheimer reiterated their outperform rating on shares of Cboe Global Markets (BATS:CBOE) in a research note published on Monday morning, Benzinga reports. The firm currently has a $206.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on CBOE. Morgan Stanley restated an equal weight rating and set a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Citigroup increased their price objective on Cboe Global Markets from $170.00 to $188.00 and gave the stock a neutral rating in a research report on Friday, January 12th. Barclays boosted their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an overweight rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $197.00 price target on shares of Cboe Global Markets in a research report on Thursday, April 4th. Finally, Bank of America increased their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a buy rating in a research report on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $191.00.

Cboe Global Markets Stock Down 1.5 %

CBOE stock opened at $182.65 on Monday. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The business’s 50 day simple moving average is $181.58 and its 200 day simple moving average is $180.10. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $19.37 billion, a PE ratio of 94.15 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 3rd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.04 by $0.11. The firm had revenue of $502.10 million for the quarter, compared to the consensus estimate of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. As a group, research analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Activity

In related news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Cboe Global Markets by 22.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 125,907 shares of the company’s stock worth $23,133,000 after purchasing an additional 22,933 shares during the last quarter. Tradewinds LLC. acquired a new position in shares of Cboe Global Markets in the first quarter worth approximately $294,000. State Board of Administration of Florida Retirement System boosted its holdings in Cboe Global Markets by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 119,760 shares of the company’s stock valued at $22,004,000 after acquiring an additional 4,557 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Cboe Global Markets during the 1st quarter valued at approximately $6,817,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Cboe Global Markets by 7.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 190,542 shares of the company’s stock worth $35,008,000 after purchasing an additional 13,680 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Company Profile

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.