Cboe Global Markets (NASDAQ:CBOE) Hits New 1-Year High – Should You Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE) shares reached a new 52-week high on Friday . The company traded as high as $223.51 and last traded at $219.44, with a volume of 157891 shares changing hands. The stock had previously closed at $219.42.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group dropped their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Oppenheimer decreased their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Trading Down 2.1 %

The stock has a market cap of $22.49 billion, a P/E ratio of 29.75, a P/E/G ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The business’s fifty day simple moving average is $207.37.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business earned $2.06 earnings per share. On average, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.17%. Cboe Global Markets’s payout ratio is 34.90%.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Kestra Investment Management LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $31,000. Sugar Maple Asset Management LLC bought a new stake in Cboe Global Markets during the fourth quarter valued at approximately $36,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $37,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.