Cboe Global Markets (BATS:CBOE) Sets New 12-Month High – What’s Next?

Cboe Global Markets, Inc. (BATS:CBOE) shares hit a new 52-week high on Monday . The stock traded as high as $214.26 and last traded at $213.29, with a volume of 2012145 shares. The stock had previously closed at $213.26.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer lifted their target price on shares of 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 reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. Morgan Stanley lowered shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research report on Wednesday, November 6th. Barclays dropped their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Price Performance

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 business’s fifty day simple moving average is $207.83 and its 200 day simple moving average is $194.05. The stock has a market cap of $22.62 billion, a price-to-earnings ratio of 109.93 and a beta of 0.61.

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

Cboe Global Markets Dividend Announcement

The company also recently announced 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 yield of 1.18%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a share buyback program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently made changes to their positions in the business. ORG Partners LLC purchased a new position in Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $49,000. Ashton Thomas Private Wealth LLC acquired a new position in Cboe Global Markets in the second quarter worth approximately $51,000. Brooklyn Investment Group bought a new position in Cboe Global Markets during the third quarter valued at approximately $66,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Cboe Global Markets by 59.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 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.