Cboe Global Markets (BATS:CBOE) Hits New 52-Week High on Analyst Upgrade

Cboe Global Markets, Inc. (BATS:CBOE)’s share price reached a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $200.00 to $211.00. Barclays currently has an overweight rating on the stock. Cboe Global Markets traded as high as $183.53 and last traded at $182.17, with a volume of 711363 shares trading hands. The stock had previously closed at $180.93.

A number of other analysts have also issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research report on Thursday, April 4th. Rosenblatt Securities boosted their price objective on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Oppenheimer increased their target price on Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, Citigroup lifted their target price on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $187.36.

Insider Activity

In related news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the sale, the executive vice president now directly owns 17,573 shares in the company, valued at $3,285,448.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Private Advisor Group LLC boosted its position in shares of Cboe Global Markets by 36.0% during the 1st quarter. Private Advisor Group LLC now owns 3,099 shares of the company’s stock worth $355,000 after acquiring an additional 820 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Cboe Global Markets by 23.1% during the first quarter. MetLife Investment Management LLC now owns 29,009 shares of the company’s stock worth $3,319,000 after purchasing an additional 5,448 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Cboe Global Markets by 0.9% in the first quarter. Panagora Asset Management Inc. now owns 11,869 shares of the company’s stock valued at $1,358,000 after purchasing an additional 110 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cboe Global Markets by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,269 shares of the company’s stock valued at $1,633,000 after purchasing an additional 883 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Cboe Global Markets by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 553,273 shares of the company’s stock worth $63,307,000 after purchasing an additional 22,032 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.8 %

The firm’s 50-day moving average price is $185.16 and its two-hundred day moving average price is $177.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $19.00 billion, a PE ratio of 92.34 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same period last year, the business earned $1.80 EPS. Cboe Global Markets’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 1.23%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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.