Cboe Global Markets (NASDAQ:CBOE) Sees Unusually-High Trading Volume

Cboe Global Markets, Inc. (NASDAQ:CBOEGet Rating) shares saw unusually-high trading volume on Tuesday . Approximately 19,080 shares changed hands during trading, a decline of 96% from the previous session’s volume of 500,799 shares.The stock last traded at $122.35 and had previously closed at $118.18.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $118.00 to $140.00 in a research note on Tuesday. Rosenblatt Securities upped their price target on shares of Cboe Global Markets from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, April 14th. Citigroup decreased their price target on shares of Cboe Global Markets from $155.00 to $145.00 in a research note on Wednesday, April 13th. StockNews.com initiated coverage on shares of Cboe Global Markets in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Cboe Global Markets from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.00.

Cboe Global Markets Stock Performance

The stock’s 50-day simple moving average is $112.85 and its 200-day simple moving average is $115.67. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 26.13 and a beta of 0.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.45.

Cboe Global Markets (NASDAQ:CBOEGet Rating) last announced its earnings results on Friday, April 29th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.06. Cboe Global Markets had a net margin of 14.46% and a return on equity of 18.94%. The firm had revenue of $418.10 million for the quarter, compared to analyst estimates of $414.88 million. During the same quarter in the prior year, the business posted $1.53 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Cboe Global Markets, Inc. will post 6.46 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.48 per share. The ex-dividend date was Friday, May 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.58%. Cboe Global Markets’s payout ratio is presently 41.20%.

Institutional Trading of Cboe Global Markets

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC lifted its holdings in shares of Cboe Global Markets by 0.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 14,079 shares of the company’s stock worth $1,836,000 after acquiring an additional 89 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of Cboe Global Markets by 2.4% during the 4th quarter. First Republic Investment Management Inc. now owns 4,093 shares of the company’s stock worth $534,000 after acquiring an additional 97 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Cboe Global Markets by 0.4% during the 4th quarter. State of Michigan Retirement System now owns 26,841 shares of the company’s stock worth $3,500,000 after acquiring an additional 100 shares during the period. Regency Capital Management Inc. DE lifted its holdings in shares of Cboe Global Markets by 1.0% during the 4th quarter. Regency Capital Management Inc. DE now owns 10,510 shares of the company’s stock worth $1,371,000 after acquiring an additional 105 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Cboe Global Markets by 0.9% during the 1st quarter. Panagora Asset Management Inc. now owns 11,869 shares of the company’s stock worth $1,358,000 after acquiring an additional 110 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

(Get Rating)

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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