Wells Fargo & Co Reaffirms Buy Rating for Cboe Global Markets (NASDAQ:CBOE)

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “buy” rating reissued by equities research analysts at Wells Fargo & Co in a report issued on Friday, November 2nd.

Several other research analysts have also recently weighed in on the company. Raymond James decreased their target price on Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. BidaskClub upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Rosenblatt Securities began coverage on Cboe Global Markets in a research report on Wednesday, September 5th. They issued a “buy” rating and a $115.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target on shares of Cboe Global Markets in a research report on Sunday, July 15th. Finally, Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cboe Global Markets currently has an average rating of “Hold” and an average price target of $116.29.

CBOE stock traded down $0.90 during trading hours on Friday, hitting $108.90. 888,088 shares of the stock traded hands, compared to its average volume of 1,135,341. Cboe Global Markets has a one year low of $91.10 and a one year high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, November 2nd. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The firm had revenue of $270.50 million for the quarter, compared to the consensus estimate of $269.08 million. During the same period in the prior year, the business earned $0.89 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year.

In other news, VP Christopher A. Isaacson sold 8,720 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $100.03, for a total transaction of $872,261.60. Following the completion of the sale, the vice president now directly owns 86,220 shares of the company’s stock, valued at approximately $8,624,586.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $113.55, for a total value of $113,550.00. Following the sale, the director now directly owns 3,137 shares of the company’s stock, valued at $356,206.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,905 shares of company stock valued at $1,109,253. Company insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. grace capital purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $291,000. Sentry Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $774,000. Andra AP fonden raised its stake in shares of Cboe Global Markets by 2.8% during the 2nd quarter. Andra AP fonden now owns 48,000 shares of the financial services provider’s stock worth $4,995,000 after purchasing an additional 1,300 shares in the last quarter. Calamos Wealth Management LLC raised its stake in shares of Cboe Global Markets by 30.1% during the 3rd quarter. Calamos Wealth Management LLC now owns 3,058 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 707 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Cboe Global Markets by 68.6% during the 2nd quarter. Millennium Management LLC now owns 507,841 shares of the financial services provider’s stock worth $52,851,000 after purchasing an additional 206,634 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

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Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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