Brokerages Set Cboe Global Markets Inc (CBOE) Price Target at $118.64

Cboe Global Markets Inc (NASDAQ:CBOE) has been given a consensus recommendation of “Buy” by the fourteen analysts that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $118.64.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. UBS Group reiterated a “buy” rating and set a $120.00 price objective (down from $136.00) on shares of Cboe Global Markets in a report on Tuesday, February 13th. Deutsche Bank upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $127.00 in a report on Tuesday, February 13th. Barclays cut their price target on shares of Cboe Global Markets from $127.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Bank of America cut their price target on shares of Cboe Global Markets from $139.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, February 12th.

In other Cboe Global Markets news, Director Christopher Mitchell sold 670 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total value of $80,996.30. Following the completion of the sale, the director now owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the sale, the chairman now directly owns 70,611 shares of the company’s stock, valued at approximately $8,916,757.08. The disclosure for this sale can be found here. Insiders sold 12,989 shares of company stock worth $1,622,840 in the last 90 days. 1.86% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of CBOE. Thrivent Financial For Lutherans grew its position in Cboe Global Markets by 3.6% in the second quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 120 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cboe Global Markets by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 407,945 shares of the financial services provider’s stock valued at $37,286,000 after acquiring an additional 3,126 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Cboe Global Markets by 15.5% in the second quarter. Public Employees Retirement System of Ohio now owns 101,593 shares of the financial services provider’s stock valued at $9,286,000 after acquiring an additional 13,656 shares in the last quarter. Toronto Dominion Bank grew its position in Cboe Global Markets by 31.5% in the second quarter. Toronto Dominion Bank now owns 31,234 shares of the financial services provider’s stock valued at $2,854,000 after acquiring an additional 7,481 shares in the last quarter. Finally, Sentry Investment Management LLC grew its position in Cboe Global Markets by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,466 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 66 shares in the last quarter. 83.31% of the stock is owned by institutional investors.

Shares of Cboe Global Markets (NASDAQ:CBOE) traded down $6.00 during mid-day trading on Friday, hitting $111.45. 2,804,000 shares of the stock traded hands, compared to its average volume of 1,681,506. The stock has a market cap of $12,644.87, a price-to-earnings ratio of 31.39, a P/E/G ratio of 1.37 and a beta of 0.46. Cboe Global Markets has a 1-year low of $77.33 and a 1-year high of $138.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.31.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). The company had revenue of $265.60 million for the quarter, compared to analysts’ expectations of $267.25 million. Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The company’s revenue was up 85.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. equities analysts expect that Cboe Global Markets will post 4.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a $0.27 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.08 annualized dividend and a yield of 0.97%. Cboe Global Markets’s payout ratio is 30.42%.

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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).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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