BidaskClub upgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a hold rating to a buy rating in a report released on Wednesday morning.
A number of other equities 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 report on Tuesday, November 7th. Deutsche Bank upped their price target on shares of Cboe Global Markets from $106.00 to $108.00 and gave the company a hold rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a hold rating and issued a $130.00 price target on shares of Cboe Global Markets in a report on Friday, December 22nd. Wells Fargo & Co upped their price target on shares of Cboe Global Markets from $4.75 to $138.00 and gave the company an outperform rating in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. downgraded shares of Cboe Global Markets from an overweight rating to a neutral rating and set a $84.00 price target for the company. in a report on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $120.09.
Cboe Global Markets (NASDAQ CBOE) traded up $4.65 during mid-day trading on Wednesday, reaching $124.54. 1,401,230 shares of the company traded hands, compared to its average volume of 2,078,570. Cboe Global Markets has a 1-year low of $77.86 and a 1-year high of $138.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $13,512.19, a P/E ratio of 35.08, a P/E/G ratio of 1.47 and a beta of 0.63.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.08 annualized dividend and a yield of 0.87%. Cboe Global Markets’s payout ratio is presently 30.42%.
Cboe Global Markets announced that its board has initiated a stock 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 buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other Cboe Global Markets news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the sale, the chairman now owns 70,611 shares in the company, valued at approximately $8,916,757.08. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.86% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in Cboe Global Markets during the 4th quarter worth about $106,000. SeaCrest Wealth Management LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at about $143,000. AlphaOne Investment Services LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at about $162,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Cboe Global Markets by 240.0% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 960 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Cboe Global Markets by 197.7% in the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Cboe Global Markets (CBOE) Raised to “Buy” at BidaskClub” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3253091/cboe-global-markets-cboe-raised-to-buy-at-bidaskclub-2.html.
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).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.