Shares of Cboe Global Markets Inc (NASDAQ:CBOE) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $117.70.
Several research analysts have recently issued reports on CBOE shares. Deutsche Bank upped their target price 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. BidaskClub upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Sanford C. Bernstein started coverage on shares of Cboe Global Markets in a report on Monday, April 9th. They issued a “market perform” rating and a $110.00 target price for the company. Finally, UBS Group restated a “neutral” rating and issued a $127.00 target price (up previously from $120.00) on shares of Cboe Global Markets in a report on Tuesday, March 6th.
Shares of Cboe Global Markets stock traded down $1.82 during trading hours on Friday, hitting $103.95. The company had a trading volume of 992,025 shares, compared to its average volume of 1,365,319. Cboe Global Markets has a twelve month low of $89.70 and a twelve month high of $138.54. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.38. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 1.32 and a beta of 0.59.
Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, May 4th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. Cboe Global Markets had a net margin of 18.82% and a return on equity of 15.06%. The business had revenue of $328.50 million during the quarter, compared to analysts’ expectations of $313.78 million. During the same quarter in the prior year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. analysts forecast that Cboe Global Markets will post 4.64 earnings per share for the current fiscal year.
Cboe Global Markets announced that its board has approved a stock repurchase plan on Tuesday, February 27th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $1.08 annualized dividend and a yield of 1.04%. Cboe Global Markets’s dividend payout ratio (DPR) is 31.58%.
In other news, COO Christopher R. Concannon acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was bought at an average price of $99.44 per share, for a total transaction of $994,400.00. Following the transaction, the chief operating officer now owns 152,526 shares in the company, valued at $15,167,185.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher A. Isaacson sold 8,720 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $100.02, for a total transaction of $872,174.40. Following the transaction, the vice president now owns 86,220 shares of the company’s stock, valued at approximately $8,623,724.40. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after buying an additional 786,423 shares during the last quarter. Renaissance Technologies LLC raised its position in Cboe Global Markets by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock worth $563,147,000 after buying an additional 130,300 shares during the last quarter. Bank of New York Mellon Corp raised its position in Cboe Global Markets by 5.8% during 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 buying an additional 87,229 shares during the last quarter. American Century Companies Inc. raised its position in Cboe Global Markets by 19.2% during the 1st quarter. American Century Companies Inc. now owns 1,496,855 shares of the financial services provider’s stock worth $170,791,000 after buying an additional 241,485 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Cboe Global Markets by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,359,149 shares of the financial services provider’s stock worth $169,034,000 after buying an additional 118,812 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.
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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