Cboe Global Markets (BATS:CBOE) Reaches New 12-Month High at $172.12

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $172.12 and last traded at $171.84, with a volume of 547247 shares changing hands. The stock had previously closed at $170.06.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CBOE. Oppenheimer reaffirmed an “outperform” rating and issued a $206.00 price target on shares of Cboe Global Markets in a research report on Monday, May 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a report on Thursday, April 4th. Bank of America boosted their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Morgan Stanley reissued an “equal weight” rating and issued a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Finally, Rosenblatt Securities boosted their price objective on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $191.00.

Cboe Global Markets Stock Up 1.0 %

The business’s 50-day moving average is $176.93 and its two-hundred day moving average is $180.48. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 87.66 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.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.11. The company had revenue of $502.10 million for the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, May 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $185.06, for a total value of $203,566.00. Following the sale, the executive vice president now directly owns 4,656 shares in the company, valued at $861,639.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The shares were 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 approximately $9,074,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $185.06, for a total transaction of $203,566.00. Following the sale, the executive vice president now directly owns 4,656 shares in the company, valued at $861,639.36. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Associates Ltd. lifted its stake in Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock valued at $244,000 after acquiring an additional 67 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Marion Wealth Management lifted its stake in Cboe Global Markets by 0.7% in the 1st quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares during the last quarter. Motley Fool Asset Management LLC lifted its stake in 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 valued at $371,000 after purchasing an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in Cboe Global Markets by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after purchasing an additional 84 shares during the period. 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.