Cboe Global Markets (NASDAQ:CBOE) Sets New 52-Week High – Time to Buy?

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $276.95 and last traded at $275.55, with a volume of 113811 shares changing hands. The stock had previously closed at $273.07.

Analyst Ratings Changes

A number of equities analysts have weighed in on CBOE shares. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Citigroup boosted their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Loop Capital set a $281.00 price objective on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler lifted their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Barclays dropped their price target on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $268.36.

Cboe Global Markets Stock Up 1.4%

The business has a 50 day simple moving average of $256.68 and a 200 day simple moving average of $246.79. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.22 EPS. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 30.93%.

Institutional Trading of Cboe Global Markets

Several hedge funds have recently modified their holdings of CBOE. Sound Income Strategies LLC grew its position in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets during the 2nd quarter worth approximately $26,000. Physician Wealth Advisors Inc. increased its position in shares of Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $33,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.