Keefe Bruyette & Woods Downgrades BATS Global Markets to Market Perform

Brokerage firm Keefe Bruyette & Woods Downgrades its rating on BATS Global Markets(BATS:BATS). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Sep 26, 2016.

In a different note, On Aug 25, 2016, Raymond James said it Upgrades its rating on BATS Global Markets. The shares have been rated ‘Market Perform’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on BATS Global Markets. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

BATS Global Markets(BATS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $109.90M. Analysts had an estimated revenue of $104.52M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Securities Excha International (10% owner) sold 8,993,977 shares at $25.27 per share price.Also, On Apr 21, 2016, Michael L Richter (director) sold 181,535 shares at $19.00 per share price.On Apr 20, 2016, Robert Wood Jones (director) purchased 25,000 shares at $19.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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