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

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $347.64 and last traded at $348.1660, with a volume of 393379 shares. The stock had previously closed at $338.65.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday. Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a report on Monday. Piper Sandler increased their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Trading Up 2.9%

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 stock has a market cap of $36.97 billion, a price-to-earnings ratio of 179.70 and a beta of 0.61. The company has a fifty day simple moving average of $296.54 and a 200-day simple moving average of $272.41.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the firm posted $2.50 earnings per share. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity

In related news, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the transaction, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,695 shares of company stock worth $1,628,981 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after buying an additional 3,987 shares during the period. Empowered Funds LLC grew its holdings in shares of Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after acquiring an additional 2,736 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after acquiring an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.