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

Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high on Monday after Bank of America raised their price target on the stock from $200.00 to $204.00. Bank of America currently has a buy rating on the stock. Cboe Global Markets traded as high as $182.31 and last traded at $180.66, with a volume of 585591 shares trading hands. The stock had previously closed at $180.85.

CBOE has been the topic of a number of other reports. Oppenheimer raised their target price on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Morgan Stanley restated an “equal weight” rating and set a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Rosenblatt Securities raised their target price on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Citigroup raised 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. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.18.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 8,314 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $183.88, for a total transaction of $1,528,778.32. Following the transaction, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,231,323.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its position in shares of Cboe Global Markets by 6.7% during the 1st quarter. Venturi Wealth Management LLC now owns 3,323 shares of the company’s stock valued at $611,000 after buying an additional 209 shares during the period. Fifth Third Bancorp raised its position in shares of Cboe Global Markets by 96.8% during the 1st quarter. Fifth Third Bancorp now owns 2,667 shares of the company’s stock valued at $490,000 after buying an additional 1,312 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Cboe Global Markets by 8.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,063 shares of the company’s stock valued at $4,237,000 after buying an additional 1,824 shares during the period. Finally, Raymond James & Associates raised its position in shares of Cboe Global Markets by 18.9% during the 1st quarter. Raymond James & Associates now owns 60,150 shares of the company’s stock valued at $11,051,000 after buying an additional 9,557 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 0.8 %

The stock has a market cap of $18.93 billion, a PE ratio of 92.01 and a beta of 0.61. 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 company’s 50-day moving average price is $184.11 and its 200 day moving average price is $178.78.

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

Cboe Global Markets Dividend Announcement

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