Cboe Global Markets (CBOE) Given Consensus Rating of “Hold” by Analysts

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.

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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 stock traded down $0.66 during midday trading on Friday, reaching $109.01. 358,198 shares of the stock were exchanged, compared to its average volume of 1,504,712. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12,181.08, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. Cboe Global Markets has a 52 week low of $80.93 and a 52 week high of $138.54.

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%.

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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.

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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