Cboe Global Markets (BATS:CBOE) Hits New 12-Month High at $180.52

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high on Monday . The stock traded as high as $180.52 and last traded at $177.37, with a volume of 752329 shares traded. The stock had previously closed at $178.51.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Rosenblatt Securities upped their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Barclays upped their price objective on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Morgan Stanley restated an “equal weight” rating and issued a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Oppenheimer increased their price target on shares of Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Citigroup increased their price target on shares of 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $187.36.

Cboe Global Markets Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50-day simple moving average of $184.69 and a 200 day simple moving average of $178.08. The firm has a market cap of $18.74 billion, a PE ratio of 91.05 and a beta of 0.61.

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

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.24%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 8,314 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,231,323.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Cboe Global Markets by 125.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock valued at $1,592,000 after purchasing an additional 4,824 shares during the last quarter. SMI Advisory Services LLC bought a new position in shares of Cboe Global Markets during the 1st quarter valued at approximately $3,839,000. Sunbelt Securities Inc. grew its position in Cboe Global Markets by 165.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,587 shares of the company’s stock valued at $292,000 after acquiring an additional 989 shares during the last quarter. Riverview Trust Co bought a new position in Cboe Global Markets in the 1st quarter valued at $44,000. Finally, Global Assets Advisory LLC bought a new position in Cboe Global Markets in the 1st quarter valued at $16,209,000. 81.73% of the stock is 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.