Cboe Global Markets (NASDAQ:CBOE) Hits New 52-Week High – Still a Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $223.51 and last traded at $219.44, with a volume of 157891 shares. The stock had previously closed at $219.42.

Wall Street Analyst Weigh In

CBOE has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. William Blair initiated coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Bank of America lifted their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market cap of $22.86 billion, a PE ratio of 30.24, a PEG ratio of 1.75 and a beta of 0.67. The business has a 50-day moving average of $206.90.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business posted $2.06 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 in the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently modified their holdings of CBOE. Lee Danner & Bass Inc. acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $29,000. Greenline Partners LLC acquired a new position in Cboe Global Markets during the 4th quarter worth $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets during the 4th quarter worth $31,000. Sugar Maple Asset Management LLC acquired a new position in Cboe Global Markets during the 4th quarter worth $36,000. Finally, Generali Asset Management SPA SGR acquired a new position in Cboe Global Markets during the 4th quarter worth $37,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.