Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High at $213.44

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $213.44 and last traded at $213.27, with a volume of 469982 shares changing hands. The stock had previously closed at $209.59.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer lifted their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Barclays lifted their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Stock Up 1.8 %

The company’s 50 day moving average price is $196.23 and its 200 day moving average price is $184.88. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 108.04 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the previous year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.63 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets announced that its board has approved a stock buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,261 shares of company stock worth $4,654,822. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBOE. Norges Bank purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $226,557,000. Tandem Investment Advisors Inc. increased its stake in shares of Cboe Global Markets by 4.4% during the second quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after purchasing an additional 35,336 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cboe Global Markets by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after purchasing an additional 55,876 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after purchasing an additional 402,547 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.