Cboe Global Markets (BATS:CBOE) Sets New 1-Year High – What’s Next?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $214.26 and last traded at $213.29, with a volume of 2012145 shares. The stock had previously closed at $213.26.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price target for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Oppenheimer upped their price objective 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. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Performance

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 fifty day moving average price of $207.90 and a 200 day moving average price of $194.53. The stock has a market cap of $23.14 billion, a P/E ratio of 112.01 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 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 10.7% compared to the same quarter last year. During the same period last year, the firm earned $2.06 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets announced that its board has approved a share repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI raised its stake in shares of Cboe Global Markets by 18.4% during the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after acquiring an additional 5,458 shares in the last quarter. Americana Partners LLC lifted its stake in Cboe Global Markets by 3.8% in the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after purchasing an additional 90 shares during the last quarter. XTX Topco Ltd purchased a new stake in Cboe Global Markets during the second quarter valued at about $1,359,000. Burney Co. grew its stake in shares of Cboe Global Markets by 59.9% during the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after buying an additional 2,102 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Cboe Global Markets by 305.2% in the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after buying an additional 71,097 shares during the period. Institutional investors own 81.73% of the company’s stock.

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.