Cboe Global Markets (BATS:CBOE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Cboe Global Markets (BATS:CBOE) had its target price upped by Morgan Stanley from $246.00 to $273.00 in a research note issued to investors on Friday, MarketBeat reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 7.75% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Barclays increased their target price on Cboe Global Markets from $317.00 to $351.00 and gave the stock an “overweight” rating in a research report on Wednesday. Loop Capital set a $317.00 target price on Cboe Global Markets in a research report on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Finally, UBS Group reiterated a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $291.60.

Cboe Global Markets Stock Performance

BATS CBOE opened at $295.95 on Friday. The business’s 50-day moving average price is $285.87 and its 200 day moving average price is $264.14. Cboe Global Markets has a twelve month low of $207.74 and a twelve month high of $305.68. The company has a market capitalization of $31.39 billion, a PE ratio of 152.55 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $671.10 million for the quarter, compared to the consensus estimate of $659.59 million. On average, research analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current year.

Insider Transactions at Cboe Global Markets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,695 shares of company stock worth $1,628,981 in the last three months. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of large investors have recently modified their holdings of CBOE. Vanguard Group Inc. grew its stake in shares of Cboe Global Markets by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after buying an additional 120,021 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after buying an additional 390,034 shares in the last quarter. State Street Corp grew its stake in shares of Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after buying an additional 101,349 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after buying an additional 65,108 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after buying an additional 155,333 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.