Cboe Global Markets (BATS:CBOE) Hits New 12-Month High – What’s Next?

Cboe Global Markets, Inc. (BATS:CBOE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $194.36 and last traded at $192.10, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the company from $212.00 to $222.00 in a report on Monday, November 11th. TD Cowen started coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Oppenheimer increased 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, Piper Sandler lifted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Trading Up 0.4 %

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $201.08 and a 200-day moving average of $200.53. The firm has a market capitalization of $20.59 billion, a P/E ratio of 99.18 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently made changes to their positions in CBOE. Northwest & Ethical Investments L.P. lifted its stake in shares of Cboe Global Markets by 13.6% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock worth $8,913,000 after buying an additional 5,200 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Cboe Global Markets during the third quarter worth approximately $328,000. Public Sector Pension Investment Board grew its position in shares of Cboe Global Markets by 2.2% in the third quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock valued at $3,728,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cboe Global Markets by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock worth $11,018,000 after purchasing an additional 1,753 shares during the period. Finally, CreativeOne Wealth LLC lifted its holdings in Cboe Global Markets by 106.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock worth $954,000 after purchasing an additional 2,402 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

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.