Cboe Global Markets (BATS:CBOE) Sets New 12-Month Low – Should You Sell?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $227.15 and last traded at $231.4840, with a volume of 1277564 shares. The stock had previously closed at $242.21.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Loop Capital set a $263.00 price target on shares of Cboe Global Markets in a report on Monday, June 22nd. Argus upgraded Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Piper Sandler lifted their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $310.70.

Cboe Global Markets Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $24.55 billion, a PE ratio of 119.34 and a beta of 0.61. The firm has a fifty day moving average price of $309.69 and a two-hundred day moving average price of $287.32.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.50 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors have recently modified their holdings of CBOE. Sound Income Strategies LLC grew its stake in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth $26,000. NFSG Corp bought a new position in Cboe Global Markets during the 1st quarter worth about $31,000. Western Wealth Management LLC bought a new position in Cboe Global Markets during the 1st quarter worth about $36,000. Finally, Elyxium Wealth LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at about $33,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.