Cboe Global Markets (BATS:CBOE – Get Free Report) announced that its board has approved a stock buyback plan on Thursday, October 22nd, RTT News reports. The company plans to repurchase $550.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.6% of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. TD Cowen upped their price target on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Loop Capital set a $343.00 price objective on Cboe Global Markets in a research report on Wednesday, October 7th. Finally, Morgan Stanley raised Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $258.00 to $358.00 in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $321.91.
Check Out Our Latest Analysis on Cboe Global Markets
Cboe Global Markets Trading Up 2.8%
BATS CBOE traded up $8.90 during trading hours on Thursday, hitting $327.72. The company’s stock had a trading volume of 954,896 shares, compared to its average volume of 1,129,717. The stock has a fifty day moving average of $290.30 and a 200 day moving average of $294.32. Cboe Global Markets has a twelve month low of $227.15 and a twelve month high of $371.18. The firm has a market capitalization of $34.76 billion, a P/E ratio of 168.93 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.
Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Equities research analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.
Cboe Global Markets Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.86 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio is 98.97%.
Insider Activity
In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.
About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.
Read More
- Five stocks we like better than Cboe Global Markets
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
