Cboe Global Markets (BATS:CBOE) Hits New 12-Month High – Here’s Why

Cboe Global Markets, Inc. (BATS:CBOE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $367.91 and last traded at $366.70, with a volume of 894529 shares changing hands. The stock had previously closed at $355.80.

Analyst Ratings Changes

CBOE has been the topic of several analyst reports. UBS Group boosted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Barclays boosted their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Finally, Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Trading Up 3.1%

The company’s 50-day moving average is $301.35 and its 200-day moving average is $275.77. The firm has a market cap of $38.89 billion, a price-to-earnings ratio of 189.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. On average, research 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 declared 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 dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the business’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 sale, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Cboe Global Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBOE. Brighton Jones LLC raised its holdings in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after purchasing an additional 3,987 shares during the last quarter. Empowered Funds LLC raised its holdings in Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP raised its holdings in Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after purchasing an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after acquiring an additional 198 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

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.