Cboe Global Markets (BATS:CBOE) Sets New 52-Week High at $213.44

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high on Monday . The stock traded as high as $213.44 and last traded at $213.27, with a volume of 469982 shares. The stock had previously closed at $209.59.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBOE. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Barclays boosted their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Oppenheimer boosted their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets Stock Up 1.8 %

The company has a 50-day moving average price of $196.23 and a 200 day moving average price of $184.88. The firm has a market capitalization of $22.62 billion, a PE ratio of 108.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.10 by $0.05. The business had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.63 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets announced that its board has initiated a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,261 shares of company stock worth $4,654,822. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Accuvest Global Advisors purchased a new stake in Cboe Global Markets in the 4th quarter valued at about $345,000. Hilltop Holdings Inc. boosted its holdings in shares of Cboe Global Markets by 1.8% in the fourth quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock valued at $2,985,000 after purchasing an additional 298 shares during the period. National Bank of Canada FI boosted its holdings in shares of Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after purchasing an additional 5,458 shares during the period. Nordea Investment Management AB grew its stake in Cboe Global Markets by 15.2% in the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after purchasing an additional 55,859 shares in the last quarter. Finally, Cim LLC purchased a new position in Cboe Global Markets during the 4th quarter worth $1,138,000. 81.73% of the stock is currently 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.