Raymond James & Associates boosted its stake in Cboe Global Markets (NASDAQ:CBOE) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,133 shares of the financial services provider’s stock after purchasing an additional 577 shares during the period. Raymond James & Associates’ holdings in Cboe Global Markets were worth $764,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CBOE. Dimensional Fund Advisors LP increased its holdings in Cboe Global Markets by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 416,362 shares of the financial services provider’s stock valued at $44,812,000 after purchasing an additional 8,417 shares during the period. Atlantic Trust Group LLC acquired a new stake in Cboe Global Markets in the third quarter valued at $3,301,000. DnB Asset Management AS increased its holdings in Cboe Global Markets by 4.8% in the fourth quarter. DnB Asset Management AS now owns 54,900 shares of the financial services provider’s stock valued at $6,840,000 after purchasing an additional 2,500 shares during the period. Chesley Taft & Associates LLC increased its holdings in Cboe Global Markets by 2.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 33,535 shares of the financial services provider’s stock valued at $4,178,000 after purchasing an additional 795 shares during the period. Finally, Hexavest Inc. increased its holdings in Cboe Global Markets by 3.4% in the fourth quarter. Hexavest Inc. now owns 191,733 shares of the financial services provider’s stock valued at $23,888,000 after purchasing an additional 6,245 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.
A number of analysts have weighed in on the company. BidaskClub downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Zacks Investment Research upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. Sanford C. Bernstein assumed coverage on Cboe Global Markets in a report on Monday, April 9th. They set a “market perform” rating and a $110.00 price target for the company. Deutsche Bank increased their price target on Cboe Global Markets from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, April 6th. Finally, JPMorgan Chase downgraded Cboe Global Markets from a “neutral” rating to an “underweight” rating and set a $106.00 price target for the company. in a report on Wednesday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $119.17.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The company 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%. Cboe Global Markets’s revenue for the quarter was up 85.7% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. sell-side analysts expect that Cboe Global Markets will post 4.61 EPS for the current fiscal year.
Cboe Global Markets declared that its board has initiated a share buyback program on Tuesday, February 27th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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