Cboe Global Markets (NASDAQ:CBOE) Reaches New 1-Year High – Here’s Why

Cboe Global Markets, Inc. (NASDAQ:CBOE) shares reached a new 52-week high on Monday . The stock traded as high as $223.80 and last traded at $223.80, with a volume of 1575 shares. The stock had previously closed at $222.68.

Analysts Set New Price Targets

CBOE has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America increased their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods cut their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, William Blair started coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Price Performance

The firm has a market cap of $23.78 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The stock has a fifty day simple moving average of $209.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

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

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CBOE. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets in the 4th quarter worth about $29,000. Greenline Partners LLC bought a new stake in Cboe Global Markets in the fourth quarter worth about $29,000. Kestra Investment Management LLC bought a new stake in Cboe Global Markets in the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $36,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $37,000. Institutional investors own 82.67% of the company’s stock.

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.