Cboe Global Markets Inc (CBOE) Receives $112.20 Consensus Target Price from Brokerages

Shares of Cboe Global Markets Inc (NASDAQ:CBOE) have earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $111.00.

A number of research analysts have recently commented on the company. Bank of America upped their price target on Cboe Global Markets from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group dropped their price target on Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Zacks Investment Research lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Rosenblatt Securities lowered Cboe Global Markets from a “buy” rating to a “neutral” rating in a research report on Thursday, April 18th. Finally, MKM Partners upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating in a research report on Monday, February 25th.

In related news, EVP John Deters sold 2,474 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $93.74, for a total transaction of $231,912.76. Following the completion of the sale, the executive vice president now directly owns 3,538 shares in the company, valued at approximately $331,652.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.89% of the company’s stock.



Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Standard Life Aberdeen plc lifted its stake in shares of Cboe Global Markets by 10.6% in the 3rd quarter. Standard Life Aberdeen plc now owns 158,826 shares of the financial services provider’s stock valued at $15,241,000 after purchasing an additional 15,225 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Cboe Global Markets by 15.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,663 shares of the financial services provider’s stock valued at $12,635,000 after purchasing an additional 17,974 shares during the period. Legal & General Group Plc lifted its stake in shares of Cboe Global Markets by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 496,292 shares of the financial services provider’s stock valued at $47,625,000 after purchasing an additional 3,549 shares during the period. First Hawaiian Bank lifted its stake in shares of Cboe Global Markets by 68.5% in the 4th quarter. First Hawaiian Bank now owns 6,605 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 2,684 shares during the period. Finally, DNB Asset Management AS increased its position in Cboe Global Markets by 106.8% during the 4th quarter. DNB Asset Management AS now owns 23,576 shares of the financial services provider’s stock valued at $2,306,000 after buying an additional 12,176 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

CBOE stock traded down $0.18 during midday trading on Monday, hitting $104.89. The company’s stock had a trading volume of 117,315 shares, compared to its average volume of 759,288. Cboe Global Markets has a 1 year low of $87.87 and a 1 year high of $115.11.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The business had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $279.49 million.

About Cboe Global Markets

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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