Cboe Global Markets (NASDAQ:CBOE) Hits New 1-Year High – Still a Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $305.00 and last traded at $304.13, with a volume of 78887 shares. The stock had previously closed at $299.72.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBOE. Piper Sandler increased their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. UBS Group restated a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $279.00.

Cboe Global Markets Stock Performance

The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 41.74, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a 50-day moving average price of $269.41 and a 200-day moving average price of $253.61. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the prior year, the company posted $2.10 EPS. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 248 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the transaction, the chief accounting officer owned 410 shares of the company’s stock, valued at $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,695 shares of company stock worth $1,628,981 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC boosted its stake in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. boosted its position in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $33,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $33,000. Institutional investors own 82.67% of the company’s stock.

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.