Cboe Global Markets (NASDAQ:CBOE) Upgraded by Morgan Stanley to "Overweight" Rating

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $235.00 target price on the stock. Morgan Stanley's price objective would indicate a potential upside of 9.26% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Loop Capital set a $260.00 price objective on Cboe Global Markets in a report on Wednesday, April 2nd. Jefferies Financial Group lowered their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. Oppenheimer dropped their price target on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has a consensus rating of "Hold" and a consensus target price of $218.80.

Cboe Global Markets Stock Up 2.4 %

NASDAQ CBOE traded up $5.07 during mid-day trading on Tuesday, hitting $215.09. The stock had a trading volume of 1,190,618 shares, compared to its average volume of 888,846. The stock has a 50 day moving average price of $212.67. The firm has a market cap of $22.52 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $234.37. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.06 earnings per share. As a group, equities analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock worth $2,380,529 in the last three months. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. NBC Securities Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $29,000. Greenline Partners LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in Cboe Global Markets in the 4th quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Cboe Global Markets during the 4th quarter worth $36,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.