Cboe Global Markets (BATS:CBOE) Sets New 1-Year High – Here’s Why

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price hit a new 52-week high on Thursday . The company traded as high as $194.36 and last traded at $192.10, with a volume of 1780143 shares. The stock had previously closed at $193.37.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CBOE shares. Morgan Stanley lowered 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. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Piper Sandler raised their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Oppenheimer increased their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Stock Performance

The firm has a market cap of $20.59 billion, a P/E ratio of 99.18 and a beta of 0.61. 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’s 50 day moving average is $201.08 and its two-hundred day moving average is $200.53.

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

Cboe Global Markets Dividend Announcement

The firm also recently declared 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 was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.30%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of the business. West Family Investments Inc. raised its holdings in shares of Cboe Global Markets by 7.9% in the third quarter. West Family Investments Inc. now owns 3,334 shares of the company’s stock valued at $683,000 after buying an additional 243 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Cboe Global Markets in the second quarter worth about $1,359,000. Swedbank AB lifted its position in shares of Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after purchasing an additional 71,097 shares in the last quarter. Regal Investment Advisors LLC increased its holdings in shares of Cboe Global Markets by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after purchasing an additional 56 shares in the last quarter. Finally, Aquila Investment Management LLC raised its position in Cboe Global Markets by 11.1% in the 3rd quarter. Aquila Investment Management LLC now owns 10,000 shares of the company’s stock worth $2,049,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.