Cboe Global Markets (BATS:CBOE) Sets New 52-Week Low – Here’s What Happened

Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $227.15 and last traded at $231.4840, with a volume of 1277564 shares trading hands. The stock had previously closed at $242.21.

Analyst Ratings Changes

CBOE has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. UBS Group boosted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $310.70.

Cboe Global Markets Price Performance

The stock’s 50-day moving average is $309.69 and its 200 day moving average is $287.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $24.55 billion, a PE ratio of 119.34 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating 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 company had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the firm earned $2.50 earnings per share. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently modified their holdings of CBOE. Sound Income Strategies LLC raised its position in shares of Cboe Global Markets by 102.2% in 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 last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $26,000. NFSG Corp acquired a new position in Cboe Global Markets during the 1st quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in Cboe Global Markets during the 2nd quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.