Cboe Global Markets (BATS:CBOE) Stock Rating Lowered by Morgan Stanley

Cboe Global Markets (BATS:CBOE) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $199.00 price target on the stock. Morgan Stanley’s target price indicates a potential downside of 0.62% from the stock’s current price.

Other research analysts have also issued research reports about the company. Piper Sandler raised their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Cboe Global Markets from $214.00 to $212.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday. TD Cowen initiated coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Finally, Barclays dropped their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $208.58.

Cboe Global Markets Stock Down 0.6 %

CBOE opened at $200.24 on Wednesday. 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 has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a market cap of $21.24 billion, a PE ratio of 103.56 and a beta of 0.61. The company has a 50-day moving average price of $209.43 and a 200 day moving average price of $192.08.

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

Cboe Global Markets announced that its Board of Directors has initiated 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 purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Cboe Global Markets in the second quarter worth $30,000. Friedenthal Financial purchased a new position in Cboe Global Markets in the third quarter valued at $49,000. Ashton Thomas Private Wealth LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth $51,000. GPS Wealth Strategies Group LLC increased its holdings in Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in Cboe Global Markets during the 3rd quarter worth about $74,000. 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.