Cboe Global Markets (NASDAQ:CBOE) Hits New 12-Month High - What's Next?

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

Analyst Ratings Changes

CBOE has been the subject of several research analyst reports. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They set a "market perform" rating for the company. Jefferies Financial Group reduced their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective for the company. in a report on Monday, January 6th. Bank of America upped their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of "Hold" and an average price target of $206.86.

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Cboe Global Markets Stock Performance

The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.75 and a beta of 0.67. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $208.19.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results 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 quarter in the previous year, the business earned $2.06 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's payout ratio is currently 34.90%.

Insider Activity at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $2,380,529 over the last ninety days. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in Cboe Global Markets by 5.0% during the fourth quarter. California State Teachers Retirement System now owns 189,769 shares of the company's stock valued at $37,081,000 after buying an additional 8,978 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Cboe Global Markets during the fourth quarter valued at $6,861,000. Cim LLC raised its position in shares of Cboe Global Markets by 1.7% in the 4th quarter. Cim LLC now owns 6,011 shares of the company's stock worth $1,175,000 after purchasing an additional 102 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cboe Global Markets in the 4th quarter worth about $15,349,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Cboe Global Markets by 13.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,346 shares of the company's stock valued at $263,000 after purchasing an additional 157 shares during the last quarter. 82.67% of the stock is owned by 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.