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

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $203.34 and last traded at $202.14, with a volume of 854690 shares trading hands. The stock had previously closed at $203.99.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer lifted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 4th. Finally, Barclays cut their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Price Performance

The stock has a market capitalization of $21.44 billion, a P/E ratio of 105.15 and a beta of 0.61. The company’s 50 day simple moving average is $208.86 and its two-hundred day simple moving average is $196.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.25%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a share repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of Cboe Global Markets during the second quarter worth $30,000. Friedenthal Financial bought a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $49,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $51,000. GPS Wealth Strategies Group LLC grew its position in shares of Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after buying an additional 123 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Cboe Global Markets during the third quarter worth approximately $66,000. 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.