Cboe Global Markets (NASDAQ:CBOE) had its price objective hoisted by Deutsche Bank from $128.00 to $129.00 in a report published on Friday. They currently have a buy rating on the financial services provider’s stock.
Several other equities analysts also recently commented on CBOE. BidaskClub downgraded Cboe Global Markets from a strong-buy rating to a buy rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a hold rating and issued a $130.00 price objective on shares of Cboe Global Markets in a research report on Friday, December 22nd. Wells Fargo boosted their price objective on Cboe Global Markets from $4.75 to $138.00 and gave the company an outperform rating in a research report on Friday, January 5th. Zacks Investment Research upgraded Cboe Global Markets from a hold rating to a strong-buy rating and set a $147.00 price objective on the stock in a research report on Tuesday, January 9th. Finally, JPMorgan Chase downgraded Cboe Global Markets from an overweight rating to a neutral rating and set a $84.00 price objective on the stock. in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $120.00.
NASDAQ:CBOE traded down $2.26 during mid-day trading on Friday, hitting $109.34. 1,299,698 shares of the company traded hands, compared to its average volume of 1,127,786. Cboe Global Markets has a one year low of $80.00 and a one year high of $138.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $12,577.87, a PE ratio of 31.97, a P/E/G ratio of 1.37 and a beta of 0.62.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results 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 net margin of 17.80% and a return on equity of 12.74%. The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 85.7% on a year-over-year basis. equities analysts forecast that Cboe Global Markets will post 4.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were given a $0.27 dividend. The ex-dividend date was Thursday, March 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.99%. Cboe Global Markets’s dividend payout ratio is currently 31.58%.
Cboe Global Markets announced that its board has approved a share repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several large investors have recently bought and sold shares of CBOE. Schroder Investment Management Group purchased a new stake in shares of Cboe Global Markets in the third quarter worth about $8,414,000. Dimensional Fund Advisors LP lifted its position in shares of Cboe Global Markets by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 416,362 shares of the financial services provider’s stock worth $44,812,000 after buying an additional 8,417 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Cboe Global Markets in the third quarter worth about $226,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Cboe Global Markets by 9.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 22,614 shares of the financial services provider’s stock worth $2,434,000 after buying an additional 1,904 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its position in shares of Cboe Global Markets by 9.2% in the third quarter. AMP Capital Investors Ltd now owns 109,430 shares of the financial services provider’s stock worth $11,779,000 after buying an additional 9,182 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.
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About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
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