Cboe Global Markets (BATS:CBOE) Hits New 1-Year High – Here’s Why

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CBOE shares. Morgan Stanley upped their target price on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Piper Sandler boosted their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday. UBS Group raised their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Stock Up 2.9%

The stock has a market cap of $36.97 billion, a P/E ratio of 179.70 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 business has a 50-day simple moving average of $296.54 and a 200-day simple moving average of $272.41.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $688.36 million. During the same quarter last year, the firm posted $2.50 earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

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

Insiders Place Their Bets

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets 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 directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was 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 of the company’s stock, valued at $1,358,598.96. This represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,695 shares of company stock valued at $1,628,981 in the last quarter. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its stake in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Cboe Global Markets during the 4th quarter valued at $26,000. NFSG Corp bought a new stake in Cboe Global Markets in the 1st quarter valued at $31,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the 2nd quarter valued at $31,000. Finally, Physician Wealth Advisors Inc. grew its position in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 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.