Cboe Global Markets (BATS:CBOE) Hits New 52-Week High – What’s Next?

Cboe Global Markets, Inc. (BATS:CBOE)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $202.16 and last traded at $196.11, with a volume of 677166 shares trading hands. The stock had previously closed at $200.98.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 objective for the company. 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 reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays reduced their price target 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Stock Up 1.2 %

The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 102.10 and a beta of 0.61. 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’s 50 day simple moving average is $207.56 and its 200-day simple moving average is $197.32.

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

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CBOE. Landscape Capital Management L.L.C. increased its stake in 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 increased its position in shares of 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 raised its stake in shares of 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. First Horizon Advisors Inc. boosted its position in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after buying an additional 63 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in Cboe Global Markets by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock valued at $748,000 after acquiring an additional 74 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.