Argus Downgrades Cboe Global Markets (BATS:CBOE) to Hold

Cboe Global Markets (BATS:CBOE) was downgraded by Argus from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat Ratings reports.

Other analysts have also issued reports about the stock. Oppenheimer increased their target price on shares of Cboe Global Markets from $161.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $160.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, September 29th. Barclays upped their price target on shares of Cboe Global Markets from $155.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. UBS Group boosted their target price on shares of Cboe Global Markets from $150.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, October 5th. Finally, Deutsche Bank Aktiengesellschaft cut Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 target price for the company. in a research report on Wednesday, October 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $161.27.

Cboe Global Markets Price Performance

CBOE opened at $176.42 on Thursday. The company has a 50-day moving average of $162.53 and a 200-day moving average of $148.42. The company has a market capitalization of $18.71 billion, a P/E ratio of 90.94 and a beta of 0.61. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, November 3rd. The company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $480.50 million during the quarter, compared to the consensus estimate of $479.89 million. During the same quarter in the prior year, the firm earned $1.74 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its board has initiated a share repurchase plan on Thursday, October 26th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 3,850 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $149.08, for a total transaction of $573,958.00. Following the completion of the transaction, the chief operating officer now directly owns 54,599 shares of the company’s stock, valued at $8,139,618.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. increased its stake in shares of Cboe Global Markets by 4.0% during the first quarter. Federated Hermes Inc. now owns 65,561 shares of the company’s stock worth $8,801,000 after purchasing an additional 2,495 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Cboe Global Markets by 3.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,950 shares of the company’s stock worth $11,001,000 after buying an additional 2,756 shares in the last quarter. Ossiam grew its position in Cboe Global Markets by 262.2% during the first quarter. Ossiam now owns 24,963 shares of the company’s stock worth $3,351,000 after buying an additional 18,071 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Cboe Global Markets by 5.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,311 shares of the company’s stock worth $176,000 after buying an additional 73 shares in the last quarter. Finally, KBC Group NV grew its position in Cboe Global Markets by 337.5% during the first quarter. KBC Group NV now owns 49,963 shares of the company’s stock worth $6,707,000 after buying an additional 38,542 shares in the last quarter. Institutional investors 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.