Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High – Time to Buy?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $194.36 and last traded at $197.06, with a volume of 1780143 shares. The stock had previously closed at $193.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer upped their target price 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. Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. TD Cowen initiated coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target for the company. Finally, Barclays dropped their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $211.36.

Cboe Global Markets Stock Up 1.9 %

The company has a market cap of $20.90 billion, a price-to-earnings ratio of 101.58 and a beta of 0.61. The business has a fifty day moving average of $200.77 and a two-hundred day moving average of $201.42. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 EPS 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 analysts’ expectations of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.06 earnings per share. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company 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. This represents a $2.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

Institutional Trading of Cboe Global Markets

Several hedge funds have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. raised its holdings in shares of Cboe Global Markets by 2.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock valued at $379,000 after purchasing an additional 52 shares in the last quarter. Americana Partners LLC raised its stake in Cboe Global Markets by 2.2% in the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock valued at $512,000 after buying an additional 54 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in Cboe Global Markets by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after buying an additional 56 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Cboe Global Markets by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after acquiring an additional 74 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Cboe Global Markets by 11.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock valued at $159,000 after acquiring an additional 81 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.