Cboe Global Markets (CBOE) Given “Buy” Rating at Wells Fargo & Co

Wells Fargo & Co reaffirmed their buy rating on shares of Cboe Global Markets (NASDAQ:CBOE) in a research report sent to investors on Friday morning.

Several other equities analysts also recently commented on CBOE. BidaskClub downgraded shares of Cboe Global Markets from a hold rating to a sell rating in a report on Thursday, August 2nd. Compass Point assumed coverage on shares of Cboe Global Markets in a report on Monday, July 9th. They issued a buy rating and a $115.00 target price on the stock. Zacks Investment Research downgraded shares of Cboe Global Markets from a hold rating to a sell rating in a research note on Tuesday, July 10th. Barclays decreased their price target on shares of Cboe Global Markets from $110.00 to $107.00 and set an equal weight rating on the stock in a research note on Monday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $92.00 to $105.00 and gave the company a hold rating in a research note on Wednesday, October 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $116.29.

CBOE stock opened at $112.14 on Friday. Cboe Global Markets has a one year low of $91.10 and a one year high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, November 2nd. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.01 by $0.05. The company had revenue of $270.50 million during the quarter, compared to analysts’ expectations of $269.08 million. During the same period last year, the firm posted $0.89 EPS. Cboe Global Markets’s quarterly revenue was up .3% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 29th.

In other news, VP Christopher A. Isaacson sold 8,720 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $100.03, for a total value of $872,261.60. Following the sale, the vice president now owns 86,220 shares of the company’s stock, valued at $8,624,586.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank E. Jr. English sold 1,185 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $104.17, for a total transaction of $123,441.45. Following the completion of the sale, the director now directly owns 4,137 shares in the company, valued at approximately $430,951.29. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Cboe Global Markets by 15.2% in the second quarter. Renaissance Technologies LLC now owns 5,190,200 shares of the financial services provider’s stock valued at $540,144,000 after acquiring an additional 683,700 shares during the period. Janus Henderson Group PLC raised its stake in shares of Cboe Global Markets by 6.1% in the second quarter. Janus Henderson Group PLC now owns 1,889,802 shares of the financial services provider’s stock valued at $196,672,000 after acquiring an additional 109,034 shares during the period. American Century Companies Inc. raised its stake in shares of Cboe Global Markets by 4.5% in the third quarter. American Century Companies Inc. now owns 1,618,585 shares of the financial services provider’s stock valued at $155,319,000 after acquiring an additional 69,189 shares during the period. Voya Investment Management LLC raised its stake in shares of Cboe Global Markets by 1,563.4% in the second quarter. Voya Investment Management LLC now owns 1,452,298 shares of the financial services provider’s stock valued at $151,141,000 after acquiring an additional 1,364,991 shares during the period. Finally, Calamos Advisors LLC raised its stake in shares of Cboe Global Markets by 43.8% in the third quarter. Calamos Advisors LLC now owns 890,456 shares of the financial services provider’s stock valued at $85,448,000 after acquiring an additional 271,058 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

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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Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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