Cboe Global Markets (BATS:CBOE) Sets New 52-Week High – Here’s What Happened

Cboe Global Markets, Inc. (BATS:CBOE – Get Free Report)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $371.21 and last traded at $369.19, with a volume of 1,246,378 shares changing hands. The stock had previously closed at $364.81.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBOE. Barclays raised their price target on Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Loop Capital set a $332.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada increased their price target on shares of Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research note on Friday, October 30th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $363.00.

Get Our Latest Stock Report on CBOE

Cboe Global Markets Stock Performance

The firm has a market cap of $39.16 billion, a price-to-earnings ratio of 190.31 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $300.77 and a 200-day moving average price of $294.66.

Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $712.20 million during the quarter, compared to analysts’ expectations of $705.22 million. During the same quarter in the prior year, the business earned $2.67 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.86 per share. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a yield of 0.9%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a share buyback program on Thursday, October 22nd that permits the company to repurchase $550 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CBOE. Jones Financial Companies Lllp acquired a new stake in Cboe Global Markets in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new position in Cboe Global Markets during the 2nd quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth approximately $27,000. NFSG Corp acquired a new position in Cboe Global Markets during the 1st quarter worth approximately $31,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Cboe Global Markets by 11,300.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

(Get Free Report)

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.

Further Reading

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