Cboe Global Markets Inc (NASDAQ:CBOE) – Jefferies Financial Group raised their Q3 2018 EPS estimates for shares of Cboe Global Markets in a note issued to investors on Wednesday, October 10th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings per share of $1.02 for the quarter, up from their previous forecast of $1.01. Jefferies Financial Group has a “Hold” rating and a $105.00 price target on the stock.
Several other analysts have also commented on CBOE. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 26th. Compass Point initiated coverage on Cboe Global Markets in a report on Monday, July 9th. They issued a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays dropped their price objective on Cboe Global Markets from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, July 30th. Finally, BidaskClub lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.40.
Shares of CBOE stock opened at $99.26 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. Cboe Global Markets has a twelve month low of $91.10 and a twelve month high of $138.54. The company has a market cap of $11.65 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.95 and a beta of 0.52.
Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 3rd. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $283.50 million during the quarter, compared to analysts’ expectations of $278.57 million. Cboe Global Markets had a return on equity of 14.16% and a net margin of 19.22%. Cboe Global Markets’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.87 earnings per share.
Large investors have recently modified their holdings of the company. Braun Bostich & Associates Inc. boosted its stake in shares of Cboe Global Markets by 1,391.0% in the second quarter. Braun Bostich & Associates Inc. now owns 999 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 932 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Cboe Global Markets during the second quarter worth approximately $133,000. Point72 Asia Hong Kong Ltd purchased a new position in Cboe Global Markets during the first quarter worth approximately $156,000. Dupont Capital Management Corp lifted its position in Cboe Global Markets by 65.8% during the second quarter. Dupont Capital Management Corp now owns 1,529 shares of the financial services provider’s stock worth $159,000 after buying an additional 607 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in Cboe Global Markets during the second quarter worth approximately $178,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Frank E. Jr. English sold 1,185 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $104.17, for a total value of $123,441.45. Following the sale, the director now directly owns 4,137 shares of the company’s stock, valued at $430,951.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher A. Isaacson sold 8,720 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $100.03, for a total value of $872,261.60. Following the completion of the sale, the vice president now directly owns 86,220 shares in the company, valued at $8,624,586.60. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
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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