Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High at $169.93

Cboe Global Markets, Inc. (BATS:CBOEGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $169.93 and last traded at $169.86, with a volume of 578054 shares traded. The stock had previously closed at $167.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CBOE shares. Bank of America boosted their target price on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Barclays lifted their price target on Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Oppenheimer reiterated an “outperform” rating and set a $206.00 price target on shares of Cboe Global Markets in a report on Monday, May 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a report on Thursday, April 4th. Finally, Morgan Stanley restated 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 note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $191.00.

Read Our Latest Report on CBOE

Cboe Global Markets Stock Down 0.5 %

The business has a 50-day simple moving average of $178.07 and a two-hundred day simple moving average of $180.92. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 87.32 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOEGet Free Report) last announced its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.11. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.55 per share. The ex-dividend date was Friday, May 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $185.06, for a total transaction of $203,566.00. Following the completion of the transaction, the executive vice president now owns 4,656 shares of the company’s stock, valued at approximately $861,639.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several large investors have recently added to or reduced their stakes in CBOE. Atria Wealth Solutions Inc. bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $235,000. Kestra Advisory Services LLC grew its stake in shares of Cboe Global Markets by 4.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,325 shares of the company’s stock valued at $363,000 after purchasing an additional 109 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $625,000. Envestnet Asset Management Inc. grew its stake in shares of Cboe Global Markets by 42.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 101,827 shares of the company’s stock valued at $15,906,000 after purchasing an additional 30,522 shares during the period. Finally, FMR LLC grew its stake in shares of Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after purchasing an additional 289,048 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Cboe Global Markets

(Get Free Report)

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.

Further Reading

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