Cboe Global Markets (NASDAQ:CBOE) Sets New 12-Month High – Time to Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $263.58 and last traded at $262.08, with a volume of 164224 shares changing hands. The stock had previously closed at $260.95.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CBOE. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Citigroup lifted their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Loop Capital set a $295.00 target price on shares of Cboe Global Markets in a research note on Thursday. Barclays decreased their price target on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $268.00.

Cboe Global Markets Stock Performance

The company has a market cap of $27.62 billion, a PE ratio of 36.56, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm’s 50 day moving average is $254.18 and its 200-day moving average is $244.67.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $2.22 EPS. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.93%.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Cboe Global Markets during the second quarter worth about $324,234,000. First Trust Advisors LP increased its holdings in shares of Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after buying an additional 697,600 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $107,052,000. Finally, Alliancebernstein L.P. lifted its holdings in Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after acquiring an additional 390,034 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.