Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High – Here’s What Happened

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $194.36 and last traded at $192.10, with a volume of 1780143 shares traded. The stock had previously closed at $193.37.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays cut their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Piper Sandler lifted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price objective for the company from $212.00 to $222.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Trading Up 0.7 %

The stock has a market cap of $20.65 billion, a P/E ratio of 100.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s fifty day simple moving average is $200.91 and its 200-day simple moving average is $200.64.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.29%. Cboe Global Markets’s payout ratio is 98.97%.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in CBOE. Northwest & Ethical Investments L.P. increased its stake in shares of Cboe Global Markets by 13.6% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock valued at $8,913,000 after acquiring an additional 5,200 shares in the last quarter. Financial Counselors Inc. acquired a new stake in Cboe Global Markets in the third quarter worth $328,000. Public Sector Pension Investment Board increased its stake in Cboe Global Markets by 2.2% in the third quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock valued at $3,728,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cboe Global Markets by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock valued at $11,018,000 after purchasing an additional 1,753 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of Cboe Global Markets by 106.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock worth $954,000 after purchasing an additional 2,402 shares in the last quarter. 81.73% of the stock is currently owned by 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.