Cboe Global Markets (NASDAQ:CBOE) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $116.64.
A number of equities analysts have recently commented on the stock. Deutsche Bank raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price target for the stock from $120.00 to $127.00 in a report on Tuesday, February 13th. Goldman Sachs lowered shares of Cboe Global Markets from a “buy” rating to a “neutral” rating in a report on Wednesday, February 7th. Wells Fargo increased their price target on shares of Cboe Global Markets from $4.75 to $138.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. BidaskClub lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, JPMorgan Chase decreased their price target on shares of Cboe Global Markets from $110.00 to $108.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th.
Institutional investors have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $106,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $143,000. AlphaOne Investment Services LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $162,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Cboe Global Markets by 240.0% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 960 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Cboe Global Markets by 197.7% in the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,050 shares in the last quarter. 84.05% of the stock is owned by institutional investors.
Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The firm 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 business’s revenue was up 85.7% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. research analysts forecast that Cboe Global Markets will post 4.62 earnings per share for the current year.
Cboe Global Markets announced that its Board of Directors has initiated a share buyback 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. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were paid a $0.27 dividend. The ex-dividend date of this dividend 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 (DPR) is 31.58%.
ILLEGAL ACTIVITY WARNING: “Cboe Global Markets (CBOE) Given Consensus Rating of “Hold” by Analysts” was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://weekherald.com/2018/04/13/cboe-global-markets-cboe-given-consensus-rating-of-hold-by-analysts.html.
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.
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.