Cboe Global Markets (BATS:CBOE) Hits New 12-Month High at $215.54

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $215.54 and last traded at $211.48, with a volume of 752055 shares trading hands. The stock had previously closed at $211.15.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CBOE. Barclays lifted their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Oppenheimer boosted their target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Trading Up 0.2 %

The firm has a market capitalization of $22.43 billion, a PE ratio of 108.84 and a beta of 0.61. The business has a 50 day moving average price of $192.23 and a 200-day moving average price of $184.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $513.80 million during 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 company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.63 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits 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 stock is undervalued.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were 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 directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock valued at $4,654,822 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp increased its stake in shares of Cboe Global Markets by 6.4% during the 4th quarter. M&T Bank Corp now owns 3,102 shares of the company’s stock valued at $554,000 after acquiring an additional 187 shares during the last quarter. Private Advisor Group LLC increased its position in Cboe Global Markets by 28.2% during the fourth quarter. Private Advisor Group LLC now owns 2,721 shares of the company’s stock worth $486,000 after purchasing an additional 598 shares during the last quarter. Principal Securities Inc. purchased a new position in Cboe Global Markets during the fourth quarter worth approximately $401,000. Teacher Retirement System of Texas boosted its holdings in shares of Cboe Global Markets by 17.8% in the 4th quarter. Teacher Retirement System of Texas now owns 66,879 shares of the company’s stock valued at $11,942,000 after purchasing an additional 10,114 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Cboe Global Markets by 35.4% during the 4th quarter. BNP Paribas Financial Markets now owns 142,637 shares of the company’s stock valued at $25,469,000 after buying an additional 37,302 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.