Cboe Global Markets (BATS:CBOE) Hits New 12-Month High – Should You Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high during trading on Monday . The stock traded as high as $194.36 and last traded at $214.24, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBOE. Morgan Stanley lowered shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Barclays reduced their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Stock Up 7.0 %

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 firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 106.69 and a beta of 0.61. The firm’s 50-day moving average price is $199.57 and its 200 day moving average price is $204.35.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.03). Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Los Angeles Capital Management LLC grew its stake in shares of Cboe Global Markets by 8.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after buying an additional 51,793 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in shares of Cboe Global Markets by 3.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock worth $85,567,000 after purchasing an additional 13,425 shares during the period. BNP Paribas Financial Markets increased its position in Cboe Global Markets by 215.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock worth $77,070,000 after purchasing an additional 257,016 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Cboe Global Markets by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 288,850 shares of the company’s stock valued at $59,177,000 after buying an additional 957 shares during the period. Finally, Raymond James & Associates lifted its position in Cboe Global Markets by 311.3% during the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after buying an additional 175,159 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.