Cboe Global Markets (BATS:CBOE) Sets New 52-Week High on Analyst Upgrade

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high during mid-day trading on Monday after Bank of America raised their price target on the stock from $200.00 to $204.00. Bank of America currently has a buy rating on the stock. Cboe Global Markets traded as high as $182.31 and last traded at $180.66, with a volume of 585591 shares trading hands. The stock had previously closed at $180.85.

A number of other equities research analysts also recently issued reports on CBOE. Citigroup increased their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research report on Thursday, April 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Barclays increased their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Oppenheimer increased their target price on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $190.18.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the transaction, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,285,448.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in Cboe Global Markets by 6.7% in the 1st quarter. Venturi Wealth Management LLC now owns 3,323 shares of the company’s stock valued at $611,000 after buying an additional 209 shares during the last quarter. Fifth Third Bancorp grew its position in Cboe Global Markets by 96.8% in the 1st quarter. Fifth Third Bancorp now owns 2,667 shares of the company’s stock worth $490,000 after purchasing an additional 1,312 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter worth $209,000. Raymond James Financial Services Advisors Inc. grew its position in Cboe Global Markets by 8.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,063 shares of the company’s stock worth $4,237,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Raymond James & Associates grew its position in Cboe Global Markets by 18.9% in the 1st quarter. Raymond James & Associates now owns 60,150 shares of the company’s stock worth $11,051,000 after purchasing an additional 9,557 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.8 %

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 company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 92.01 and a beta of 0.61. The firm’s 50-day simple moving average is $184.11 and its 200-day simple moving average is $178.78.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.02. The company had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.23%. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.