Cboe Global Markets (NASDAQ:CBOE) Hits New 52-Week High – Still a Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $223.51 and last traded at $219.44, with a volume of 157891 shares changing hands. The stock had previously closed at $219.42.

Analyst Ratings Changes

Several research firms recently commented on CBOE. Keefe, Bruyette & Woods dropped their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. William Blair initiated coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, Bank of America upped their price target on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Down 0.5 %

The stock has a market cap of $22.86 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The stock’s 50 day moving average is $206.90. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.06 EPS. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 in the last three months. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in shares of Cboe Global Markets in the 3rd quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cboe Global Markets during the third quarter worth about $158,000. Benjamin Edwards Inc. raised its position in Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after acquiring an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC acquired a new stake in Cboe Global Markets in the 3rd quarter valued at about $216,000. Finally, Harmony Asset Management LLC bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $15,175,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.