Cboe Global Markets (NASDAQ:CBOE) Reaches New 12-Month High - Here's Why

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $223.80 and last traded at $223.80, with a volume of 1575 shares trading hands. The stock had previously closed at $222.68.

Analyst Ratings Changes

Several analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America upped their target price on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $206.86.

Cboe Global Markets Trading Down 1.6 %

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 moving average price is $212.00. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) 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 company earned $2.06 EPS. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares of the company's stock, valued at $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,544 shares of company stock worth $2,380,529. Insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

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