Cboe Global Markets (BATS:CBOE) Hits New 52-Week High – Time to Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during trading on Friday . The company traded as high as $347.64 and last traded at $348.1660, with a volume of 393379 shares. The stock had previously closed at $338.65.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research reports. Loop Capital set a $382.00 price objective on shares of Cboe Global Markets in a report on Monday, May 4th. TD Cowen lifted their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Morgan Stanley lifted their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Up 2.9%

The firm has a market capitalization of $36.97 billion, a PE ratio of 179.67 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. The stock’s fifty day simple moving average is $296.54 and its 200 day simple moving average is $272.41.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter last year, the company posted $2.50 EPS. The company’s revenue was up 29.0% compared to the same quarter last year. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.72 per share. The ex-dividend date was Friday, February 27th. This represents a $2.88 annualized dividend and a yield of 0.8%. Cboe Global Markets’s payout ratio is 98.97%.

Insiders Place Their Bets

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the transaction, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC raised its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets in the 4th quarter worth $26,000. NFSG Corp bought a new position in Cboe Global Markets in the 1st quarter worth $31,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth $31,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Company Profile

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.