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

Cboe Global Markets (BATS:CBOE)‘s stock had its “outperform” rating reiterated by equities research analysts at Oppenheimer in a note issued to investors on Monday, Benzinga reports. They currently have a $206.00 target price on the stock. Oppenheimer’s target price indicates a potential upside of 11.79% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. Rosenblatt Securities lifted their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Bank of America boosted their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Morgan Stanley reiterated an “equal weight” rating and set a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Finally, Barclays upped their price target on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $191.00.

Cboe Global Markets Trading Up 0.8 %

Shares of CBOE opened at $184.28 on Monday. The firm has a fifty day simple moving average of $182.19 and a two-hundred day simple moving average of $179.89. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The stock has a market capitalization of $19.55 billion, a P/E ratio of 94.99 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 8,314 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $183.88, for a total value of $1,528,778.32. Following the transaction, the executive vice president now owns 17,573 shares of the company’s stock, valued at approximately $3,231,323.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC grew its stake in Cboe Global Markets by 170.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares during the last quarter. NBC Securities Inc. acquired a new position in Cboe Global Markets in the 3rd quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in Cboe Global Markets during the 4th quarter worth approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Cboe Global Markets during the 4th quarter valued at approximately $30,000. Finally, Allworth Financial LP increased its stake in shares of Cboe Global Markets by 75.3% in the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Cboe Global Markets

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.