Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High – Here’s What Happened

Cboe Global Markets, Inc. (BATS:CBOE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $194.36 and last traded at $209.18, with a volume of 1780143 shares traded. The stock had previously closed at $193.37.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CBOE shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a research note on Wednesday, November 6th. Oppenheimer upped their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays cut their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Price Performance

The stock’s 50 day simple moving average is $200.21 and its 200-day simple moving average is $203.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $22.27 billion, a PE ratio of 108.22 and a beta of 0.61.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in CBOE. Los Angeles Capital Management LLC raised its stake in shares of Cboe Global Markets by 8.4% in the third quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after acquiring an additional 51,793 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of Cboe Global Markets by 3.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock valued at $85,567,000 after buying an additional 13,425 shares during the period. BNP Paribas Financial Markets grew its position in shares of Cboe Global Markets by 215.7% during the third quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock worth $77,070,000 after buying an additional 257,016 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Cboe Global Markets by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 288,850 shares of the company’s stock worth $59,177,000 after buying an additional 957 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Cboe Global Markets by 311.3% during the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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.