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

Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during trading on Monday . The company traded as high as $202.53 and last traded at $199.43, with a volume of 1289598 shares traded. The stock had previously closed at $196.86.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen assumed coverage on Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $222.00 in a report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Price Performance

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 cap of $21.15 billion, a price-to-earnings ratio of 101.47 and a beta of 0.61. The stock has a 50-day moving average price of $209.13 and a 200 day moving average price of $192.44.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

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

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. This 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 through this link. In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,696 shares of company stock valued at $1,591,160. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBOE. National Bank of Canada FI boosted its stake in shares of Cboe Global Markets by 18.4% during the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after acquiring an additional 5,458 shares during the last quarter. Americana Partners LLC boosted its stake in shares of Cboe Global Markets by 3.8% during the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after purchasing an additional 90 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $1,359,000. Burney Co. raised its position in shares of Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after buying an additional 2,102 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after purchasing an additional 71,097 shares during the last quarter. Institutional investors and hedge funds 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.