Cboe Global Markets (BATS:CBOE) Sets New 1-Year High – Still a Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during trading on Monday . The stock traded as high as $212.67 and last traded at $212.45, with a volume of 595911 shares changing hands. The stock had previously closed at $209.28.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target on the stock. Piper Sandler increased their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Oppenheimer lifted their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $208.75.

Cboe Global Markets Price Performance

The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 109.99 and a beta of 0.61. 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 stock has a 50-day moving average price of $208.56 and a 200 day moving average price of $189.64.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

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

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the completion of the sale, the executive vice president now owns 12,681 shares in the company, valued at $2,386,817.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the sale, the executive vice president now owns 12,681 shares in the company, valued at $2,386,817.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,761 shares of company stock worth $3,138,147. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position in Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. ORG Partners LLC acquired a new stake in Cboe Global Markets in the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $42,000. Riverview Trust Co acquired a new position in Cboe Global Markets during the first quarter worth about $44,000. Finally, Friedenthal Financial acquired a new position in Cboe Global Markets during the third quarter worth about $49,000. Hedge funds and other 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.