Cboe Global Markets (CBOE) Upgraded at BidaskClub

BidaskClub upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other equities analysts have also commented on CBOE. JPMorgan Chase & Co. restated an underweight rating and set a $94.00 price objective (down previously from $102.00) on shares of Cboe Global Markets in a research note on Wednesday, May 30th. Compass Point initiated coverage on Cboe Global Markets in a research note on Monday, July 9th. They set a buy rating and a $115.00 price objective on the stock. Zacks Investment Research lowered Cboe Global Markets from a hold rating to a sell rating in a research note on Tuesday, July 10th. Jefferies Financial Group restated a hold rating and set a $105.00 price objective on shares of Cboe Global Markets in a research note on Sunday, July 15th. Finally, Barclays lowered their price objective on 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. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Cboe Global Markets presently has a consensus rating of Hold and a consensus price target of $118.43.

Shares of NASDAQ CBOE opened at $104.20 on Wednesday. The company has a market cap of $11.57 billion, a PE ratio of 30.47, a PEG ratio of 1.94 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86. Cboe Global Markets has a 1-year low of $91.10 and a 1-year high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, August 3rd. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. The company had revenue of $283.50 million for the quarter, compared to analyst estimates of $278.57 million. Cboe Global Markets had a return on equity of 14.16% and a net margin of 19.22%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. equities research analysts predict that Cboe Global Markets will post 4.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.27. Cboe Global Markets’s dividend payout ratio (DPR) is currently 36.26%.

In other Cboe Global Markets news, VP Christopher A. Isaacson sold 8,720 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was 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 approximately $8,624,586.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank E. Jr. English sold 1,185 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $104.17, for a total value 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. Company insiders own 0.89% of the company’s stock.

Several hedge funds have recently modified their holdings of CBOE. Dupont Capital Management Corp acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at $105,000. Braun Bostich & Associates Inc. boosted its holdings in shares of Cboe Global Markets by 1,391.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 999 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 932 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $133,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at $156,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $178,000. 82.60% of the stock is currently owned by hedge funds and other institutional investors.

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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