{"id":67586,"date":"2023-10-01T15:33:02","date_gmt":"2023-10-01T19:33:02","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/cboe-global-markets-receives-optimistic-analyst-outlook-amid-record-index-options-volumes\/"},"modified":"2023-10-01T15:33:05","modified_gmt":"2023-10-01T19:33:05","slug":"cboe-global-markets-receives-optimistic-analyst-outlook-amid-record-index-options-volumes","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67586","title":{"rendered":"Cboe Global Markets Receives Optimistic Analyst Outlook Amid Record Index Options Volumes"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Analysts from Piper Sandler and Bank of America Securities have expressed bullish sentiments towards Cboe Global Markets (NYSE:NYSE:) and AllianceBernstein (NYSE:NYSE:) on Friday. The financial sector has been under scrutiny as the third quarter of 2023 comes to a close, with both companies showing promising signs.<\/p>\n

Patrick Moley from Piper Sandler maintained a Buy rating on Cboe Global Markets, raising the price target to $174 from $160. The company’s shares closed last Thursday at $156.40, near its 52-week high of $158.71, as per InvestingPro data. Moley expects CBOE to report its fifth consecutive record quarter for index options volumes and the tenth consecutive quarter-on-quarter increase in volumes.<\/p>\n

InvestingPro data shows that CBOE has a strong financial position with a P\/E Ratio of 25.13 and a PEG Ratio of 0.12. Furthermore, the company has shown a revenue growth of 6.88% in the last twelve months. CBOE has also been consistent in rewarding its shareholders with a dividend yield of 1.36%. <\/p>\n

Moley also noted that CBOE shares are up 3.1% since the former CEO resigned, contrasting with the decline of its average U.S. exchange peer and the S&P over the same period. This outperformance is suspected to be due to investors pricing in greater odds of a potential sale following the loss of its long-time CEO. <\/p>\n

InvestingPro Tips highlights that CBOE yields a high return on invested capital and has raised its dividend for 8 consecutive years. The company is also trading at a low P\/E ratio relative to near-term earnings growth. These insights, along with many others, are available as part of the InvestingPro product. For more such tips, visit InvestingPro Pricing.<\/p>\n

In 2021, media reports suggested that CME Group Inc (NASDAQ:NASDAQ:) had approached CBOE with an offer, but this was denied by CME. If a sale was to occur, Moley believes CME is the most likely acquirer.<\/p>\n

On September 19, Deutsche Bank also maintained a Buy rating on CBOE stock with a $168 price target. The consensus among analysts is a Moderate Buy for Cboe Global Markets, with a price target consensus of $160.<\/p>\n

In regards to AllianceBernstein (AB), Craig Siegenthaler of Bank of America Securities maintained a Buy rating today. The company’s shares closed last Thursday at $30.62, close to its 52-week low of $29.05. The general consensus among analysts suggests a Moderate Buy rating for AllianceBernstein with a $40 average price target.<\/p>\n

Cboe Global Markets has been in the news recently due to several significant events. The company declared an increased third-quarter 2023 dividend, and its price target was raised to $161 from $148 at Argus. Additionally, notable gains were observed among liquid option names on September 19th.<\/p>\n

As the financial sector continues to evolve, analysts remain optimistic about the future of these companies.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Analysts from Piper Sandler and Bank of America Securities have expressed bullish sentiments towards Cboe Global Markets (NYSE:NYSE:) and AllianceBernstein (NYSE:NYSE:) on Friday. The financial sector has been under scrutiny as the third quarter of 2023 comes to a close, with both companies showing promising signs. Patrick Moley from Piper Sandler maintained a […]<\/p>\n","protected":false},"author":1,"featured_media":2360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-67586","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCboe Global Markets Receives Optimistic Analyst Outlook Amid Record Index Options Volumes | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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