Cboe Global Markets (CBOE) Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Cboe Global Markets (NASDAQ:CBOE) from an overweight rating to a neutral rating in a research note published on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $84.00 target price on the financial services provider’s stock.

CBOE has been the topic of several other reports. Keefe, Bruyette & Woods restated a hold rating and set a $108.00 price objective on shares of Cboe Global Markets in a research note on Thursday, October 12th. Wells Fargo & Co raised their price objective on Cboe Global Markets from $4.75 to $138.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Deutsche Bank raised their price objective on Cboe Global Markets from $106.00 to $108.00 and gave the stock a hold rating in a research note on Wednesday, November 8th. Citigroup raised their price objective on Cboe Global Markets from $93.00 to $115.00 and gave the stock a neutral rating in a research note on Thursday, October 19th. Finally, BidaskClub upgraded Cboe Global Markets from a hold rating to a buy rating in a research note on Friday, January 26th. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $114.70.

Cboe Global Markets (CBOE) opened at $107.11 on Wednesday. Cboe Global Markets has a one year low of $76.75 and a one year high of $138.54. The stock has a market capitalization of $12,610.83, a price-to-earnings ratio of 58.21, a P/E/G ratio of 1.20 and a beta of 0.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. The firm had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 85.7% compared to the same quarter last year. analysts predict that Cboe Global Markets will post 3.43 EPS for the current fiscal year.

In other Cboe Global Markets news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $126.28, for a total value of $631,400.00. Following the sale, the chairman now directly owns 70,611 shares in the company, valued at $8,916,757.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Jr. English sold 300 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $123.80, for a total value of $37,140.00. Following the completion of the sale, the director now owns 4,214 shares in the company, valued at $521,693.20. The disclosure for this sale can be found here. Insiders sold 12,989 shares of company stock worth $1,622,840 over the last quarter. 1.86% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CBOE. SeaCrest Wealth Management LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at $143,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Cboe Global Markets by 240.0% during the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 960 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in shares of Cboe Global Markets during the second quarter valued at $203,000. Winslow Evans & Crocker Inc. increased its holdings in shares of Cboe Global Markets by 720.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 1,656 shares during the period. Finally, Global X MANAGEMENT CO LLC increased its holdings in shares of Cboe Global Markets by 329.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,896 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 1,454 shares during the period. 83.99% of the stock is currently owned by institutional investors.

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About Cboe Global Markets

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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