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

Cboe Global Markets, Inc. (BATS:CBOE) shares hit a new 52-week high during trading on Monday . The company traded as high as $212.67 and last traded at $212.45, with a volume of 595911 shares trading hands. The stock had previously closed at $209.28.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBOE. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Barclays raised their price objective on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Oppenheimer raised their price target on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, TD Cowen assumed coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $208.75.

Cboe Global Markets Trading Up 1.5 %

The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 109.51 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. The firm has a fifty day moving average price of $208.15 and a 200-day moving average price of $189.19.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share 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 analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued 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 yield of 1.19%. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a share buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,761 shares of company stock valued at $3,138,147. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the company. Regal Investment Advisors LLC grew its stake in Cboe Global Markets by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after buying an additional 56 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after acquiring an additional 63 shares during the last quarter. Kendall Capital Management lifted its holdings in shares of Cboe Global Markets by 0.9% in the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock worth $1,600,000 after acquiring an additional 80 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after acquiring an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after acquiring an additional 84 shares during the last quarter. 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.