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

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) reached a new 52-week high during trading on Thursday . The stock traded as high as $276.95 and last traded at $275.55, with a volume of 113811 shares trading hands. The stock had previously closed at $273.07.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CBOE shares. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Barclays lowered 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 report on Thursday, January 8th. Loop Capital set a $281.00 price objective on Cboe Global Markets in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, Morgan Stanley raised their target price on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Price Performance

The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.99 billion, a PE ratio of 38.36, a PEG ratio of 1.75 and a beta of 0.36. The stock has a 50-day moving average price of $256.68 and a 200 day moving average price of $246.79.

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

Cboe Global Markets Dividend Announcement

The business also recently declared 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. This represents a dividend yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of CBOE. Kendall Capital Management lifted its holdings in Cboe Global Markets by 0.5% in the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after purchasing an additional 40 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in Cboe Global Markets by 4.1% during the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after acquiring an additional 42 shares during the last quarter. Norinchukin Bank The boosted its position in Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares during the last quarter. Aprio Wealth Management LLC grew its stake in Cboe Global Markets by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock valued at $351,000 after acquiring an additional 43 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after acquiring an additional 44 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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.