Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High – Time to Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during trading on Thursday . The company traded as high as $367.91 and last traded at $366.70, with a volume of 894529 shares trading hands. The stock had previously closed at $355.80.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CBOE shares. Piper Sandler upped their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. TD Cowen upped their price target on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. UBS Group upped their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Barclays upped their price target on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Trading Up 3.1%

The business has a 50 day moving average of $301.35 and a 200-day moving average of $275.77. 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 firm has a market capitalization of $38.89 billion, a P/E ratio of 189.02 and a beta of 0.61.

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

Cboe Global Markets Announces Dividend

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

Insider Buying and Selling

In related news, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 248 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its stake in shares of Cboe Global Markets by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after acquiring an additional 33 shares in the last quarter. Kendall Capital Management grew its stake in shares of Cboe Global Markets by 0.5% during the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after acquiring an additional 40 shares in the last quarter. SHUTTLEWORTH & Co grew its stake in shares of Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after acquiring an additional 41 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of Cboe Global Markets by 4.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after acquiring an additional 42 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Cboe Global Markets by 0.7% during the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares in the last quarter. 81.73% of the stock is 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. 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.