Jefferies Financial Group Weighs in on Cboe Global Markets Inc’s FY2019 Earnings (CBOE)

Cboe Global Markets Inc (NASDAQ:CBOE) – Analysts at Jefferies Financial Group lifted their FY2019 earnings per share estimates for Cboe Global Markets in a research report issued to clients and investors on Wednesday, January 9th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $5.05 per share for the year, up from their prior estimate of $4.79.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The business had revenue of $270.50 million during the quarter, compared to analyst estimates of $269.08 million. Cboe Global Markets’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS.

Other equities analysts have also issued research reports about the company. Raymond James cut their price target on Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday, October 5th. JPMorgan Chase & Co. increased their price target on Cboe Global Markets from $92.00 to $105.00 and gave the stock a “hold” rating in a report on Wednesday, October 24th. Bank of America increased their price target on Cboe Global Markets from $113.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Cboe Global Markets in a report on Friday, November 2nd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.50.

Cboe Global Markets stock opened at $91.55 on Friday. Cboe Global Markets has a 52 week low of $87.87 and a 52 week high of $138.54.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.35%.

In related news, Director Frank E. Jr. English sold 1,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $113.55, for a total value of $113,550.00. Following the transaction, the director now owns 3,137 shares of the company’s stock, valued at $356,206.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 8,719 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $106.48, for a total value of $928,399.12. Following the transaction, the vice president now directly owns 70,000 shares in the company, valued at $7,453,600. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. First Hawaiian Bank raised its position in shares of Cboe Global Markets by 68.5% during the 4th quarter. First Hawaiian Bank now owns 6,605 shares of the financial services provider’s stock valued at $646,000 after buying an additional 2,684 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of Cboe Global Markets by 2.0% in the fourth quarter. Chesley Taft & Associates LLC now owns 32,290 shares of the financial services provider’s stock worth $3,159,000 after buying an additional 625 shares during the last quarter. Legal & General Group Plc grew its position in Cboe Global Markets by 0.7% during the third quarter. Legal & General Group Plc now owns 496,292 shares of the financial services provider’s stock valued at $47,625,000 after buying an additional 3,549 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Cboe Global Markets by 9,496.0% in the third quarter. Rehmann Capital Advisory Group now owns 253,526 shares of the financial services provider’s stock valued at $2,641,000 after purchasing an additional 250,884 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its stake in shares of Cboe Global Markets by 38.1% in the third quarter. Paradigm Asset Management Co. LLC now owns 3,990 shares of the financial services provider’s stock worth $383,000 after buying an additional 1,100 shares in the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

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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