UBS Group reaffirmed their neutral rating on shares of Cboe Global Markets (NASDAQ:CBOE) in a research note issued to investors on Tuesday, www.analystratings.com reports. UBS Group currently has a $127.00 price objective on the financial services provider’s stock, up from their prior price objective of $120.00.
Several other research analysts also recently weighed in on CBOE. Zacks Investment Research downgraded shares of Cboe Global Markets from a buy rating to a hold rating in a research report on Tuesday, November 7th. Deutsche Bank lifted their target price on shares of Cboe Global Markets from $106.00 to $108.00 and gave the stock a hold rating in a research report on Wednesday, November 8th. BidaskClub downgraded shares of Cboe Global Markets from a strong-buy rating to a buy rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a hold rating and issued a $130.00 target price on shares of Cboe Global Markets in a research report on Friday, December 22nd. Finally, Wells Fargo & Co lifted their target price on shares of Cboe Global Markets from $4.75 to $138.00 and gave the stock an outperform rating in a research report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $120.09.
Cboe Global Markets (CBOE) opened at $124.54 on Tuesday. The firm has a market cap of $13,512.19, a P/E ratio of 35.16, a PEG ratio of 1.47 and a beta of 0.63. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Cboe Global Markets has a 1 year low of $77.86 and a 1 year high of $138.54.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, March 1st. Cboe Global Markets’s dividend payout ratio is currently 30.42%.
Cboe Global Markets announced that its board has approved a stock repurchase program on Tuesday, February 27th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s 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 in the company, valued at $8,916,757.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.86% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Cboe Global Markets by 10.8% during the fourth quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after purchasing an additional 786,423 shares during the period. Renaissance Technologies LLC lifted its stake in Cboe Global Markets by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock valued at $563,147,000 after acquiring an additional 130,300 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Cboe Global Markets by 2.2% in the third quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock valued at $249,557,000 after acquiring an additional 50,004 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Cboe Global Markets by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock valued at $199,050,000 after acquiring an additional 87,229 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Cboe Global Markets by 10.4% in the third quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock valued at $163,635,000 after acquiring an additional 142,667 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.
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About Cboe Global Markets
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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