Cboe Global Markets Inc (NASDAQ:CBOE) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $117.40.
A number of brokerages have recently commented on CBOE. BidaskClub raised 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. Deutsche Bank lifted 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. UBS Group reaffirmed a “neutral” rating and issued a $127.00 target price (up from $120.00) on shares of Cboe Global Markets in a report on Tuesday, March 6th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $128.00 target price (up from $120.00) on shares of Cboe Global Markets in a report on Monday, March 5th.
A number of large investors have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC purchased a new position in Cboe Global Markets in the 4th quarter valued at $349,000. Xact Kapitalforvaltning AB grew its position in Cboe Global Markets by 15.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 9,632 shares of the financial services provider’s stock valued at $1,200,000 after buying an additional 1,305 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Cboe Global Markets by 40.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,604 shares of the financial services provider’s stock valued at $200,000 after buying an additional 466 shares during the last quarter. William Blair Investment Management LLC grew its position in Cboe Global Markets by 3.7% in the 4th quarter. William Blair Investment Management LLC now owns 945,317 shares of the financial services provider’s stock valued at $117,777,000 after buying an additional 33,594 shares during the last quarter. Finally, Altman Advisors Inc. purchased a new position in Cboe Global Markets in the 4th quarter valued at $4,134,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The business had revenue of $265.60 million during the quarter, compared to analyst estimates of $267.25 million. Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The business’s revenue was up 85.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. analysts predict that Cboe Global Markets will post 4.64 earnings per share for the current fiscal year.
Cboe Global Markets declared that its board has authorized a share repurchase plan 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 plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. Cboe Global Markets’s dividend payout ratio (DPR) is 30.42%.
Cboe Global Markets Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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