BidaskClub upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a hold rating to a buy rating in a research note issued to investors on Wednesday, March 7th.
Several other brokerages have also issued reports on CBOE. Zacks Investment Research raised shares of Cboe Global Markets from a hold rating to a strong-buy rating and set a $147.00 price target on the stock in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a hold rating and issued a $130.00 price target on shares of Cboe Global Markets in a report on Friday, December 22nd. Wells Fargo boosted their price target on shares of Cboe Global Markets from $4.75 to $138.00 and gave the company an outperform rating in a report on Friday, January 5th. Deutsche Bank boosted their price target on shares of Cboe Global Markets from $127.00 to $128.00 and gave the company a buy rating in a report on Tuesday, March 6th. Finally, Goldman Sachs lowered shares of Cboe Global Markets from a buy rating to a neutral rating in a report on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cboe Global Markets has a consensus rating of Hold and a consensus target price of $120.09.
Shares of Cboe Global Markets (NASDAQ CBOE) traded up $0.61 during mid-day trading on Wednesday, reaching $119.22. 1,180,372 shares of the company were exchanged, compared to its average volume of 1,538,227. Cboe Global Markets has a fifty-two week low of $78.31 and a fifty-two week high of $138.54. The company has a market capitalization of $13,367.93, a price-to-earnings ratio of 33.58, a P/E/G ratio of 1.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.30.
Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The company’s revenue was up 85.7% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. equities analysts anticipate that Cboe Global Markets will post 4.64 EPS for the current fiscal year.
Cboe Global Markets announced that its board has authorized a stock buyback program on Tuesday, February 27th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 1st. Cboe Global Markets’s payout ratio is 30.42%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Cboe Global Markets by 10.8% in the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after purchasing an additional 786,423 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cboe Global Markets by 3.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock worth $563,147,000 after purchasing an additional 130,300 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Cboe Global Markets by 2.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after purchasing an additional 50,004 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cboe Global Markets by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock worth $199,050,000 after purchasing an additional 87,229 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Cboe Global Markets by 10.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock worth $163,635,000 after purchasing an additional 142,667 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.
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Cboe Global Markets Company Profile
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).
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