Cboe Global Markets, Inc. (BATS:CBOE – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $371.18 and last traded at $362.97, with a volume of 986736 shares trading hands. The stock had previously closed at $366.28.
Analyst Upgrades and Downgrades
CBOE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Barclays raised their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Erste Group Bank started coverage on shares of Cboe Global Markets in a report on Tuesday, May 12th. They set a “buy” rating for the company. Finally, Argus upgraded shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $322.60.
Check Out Our Latest Stock Analysis on Cboe Global Markets
Cboe Global Markets Price Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.
Cboe Global Markets Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s payout ratio is 98.97%.
Insider Activity at Cboe Global Markets
In other news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares in the company, valued at $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.51% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Cboe Global Markets
Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $26,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets during the first quarter worth about $31,000. Western Wealth Management LLC purchased a new stake in shares of Cboe Global Markets during the first quarter worth about $36,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other 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.
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