Cboe Global Markets (BATS:CBOE) Raised to Buy at Deutsche Bank Aktiengesellschaft

Cboe Global Markets (BATS:CBOE) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Monday, Marketbeat.com reports. The firm presently has a $222.00 price objective on the stock, up from their previous price objective of $212.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 11.28% from the company’s previous close.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a research note on Wednesday, November 6th. Finally, Piper Sandler increased their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $199.49 on Monday. The firm has a market capitalization of $21.16 billion, a PE ratio of 102.80 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 has a 1 year low of $103.82 and a 1 year high of $139.00. The firm’s fifty day simple moving average is $209.01 and its 200 day simple moving average is $192.56.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same period in the prior year, the company earned $2.06 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Cboe Global Markets will post 6.41 EPS for the current year.

Cboe Global Markets announced that its board has approved a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,696 shares of company stock worth $1,591,160 in the last three months. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its position in shares of Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the last quarter. Americana Partners LLC increased its holdings in Cboe Global Markets by 3.8% during the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares during the last quarter. XTX Topco Ltd bought a new stake in Cboe Global Markets during the second quarter worth $1,359,000. Burney Co. lifted its stake in Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after acquiring an additional 2,102 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Cboe Global Markets by 305.2% in the 3rd quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after acquiring an additional 71,097 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.