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

Cboe Global Markets, Inc. (BATS:CBOE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $194.36 and last traded at $197.06, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research analyst reports. Barclays cut their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. TD Cowen assumed coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their target price for the company from $212.00 to $222.00 in a research report on Monday, November 11th. Piper Sandler lifted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reissued 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, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Stock Performance

The company has a market cap of $20.90 billion, a PE ratio of 101.58 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $200.77 and its 200 day simple moving average is $201.42.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the firm earned $2.06 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.63 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.28%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. increased its holdings in shares of Cboe Global Markets by 13.6% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock valued at $8,913,000 after purchasing an additional 5,200 shares in the last quarter. Financial Counselors Inc. acquired a new position in Cboe Global Markets during the third quarter worth about $328,000. Public Sector Pension Investment Board increased its holdings in 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 buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cboe Global Markets by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock valued at $11,018,000 after acquiring an additional 1,753 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of 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 acquiring an additional 2,402 shares in the last quarter. Hedge funds and other institutional investors 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.