Argus began coverage on shares of Cboe Global Markets (NASDAQ:CBOE) in a research note released on Friday, February 22nd, The Fly reports. The brokerage issued a hold rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Cboe Global Markets from a hold rating to a buy rating and set a $106.00 price target on the stock in a research note on Thursday, February 14th. Bank of America boosted their price objective on Cboe Global Markets from $113.00 to $122.00 and gave the company a buy rating in a report on Monday, November 5th. Wells Fargo & Co reissued a buy rating on shares of Cboe Global Markets in a report on Friday, November 2nd. Sandler O’Neill raised Cboe Global Markets from a hold rating to a buy rating in a report on Monday, January 7th. Finally, Goldman Sachs Group raised Cboe Global Markets from a neutral rating to a buy rating and set a $120.00 target price for the company in a report on Friday, January 4th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $113.46.
Shares of NASDAQ:CBOE opened at $95.66 on Friday. Cboe Global Markets has a 52 week low of $87.87 and a 52 week high of $124.56.
Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.17. The firm had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $324.49 million. Cboe Global Markets’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.30%.
In other news, EVP John Deters sold 2,474 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $93.74, for a total value of $231,912.76. Following the completion of the sale, the executive vice president now owns 3,538 shares in the company, valued at $331,652.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Cboe Global Markets by 83.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,196 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 543 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Cboe Global Markets during the fourth quarter worth $138,000. First Interstate Bank acquired a new position in Cboe Global Markets during the fourth quarter worth $139,000. WESPAC Advisors SoCal LLC acquired a new position in Cboe Global Markets during the fourth quarter worth $175,000. Finally, Meeder Asset Management Inc. acquired a new position in Cboe Global Markets during the fourth quarter worth $178,000. Institutional investors own 81.98% of the company’s stock.
About Cboe Global Markets
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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