Cboe Global Markets (BATS:CBOE) Hits New 1-Year High After Analyst Upgrade

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price 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. The stock had previously closed at $180.85.

A number of other equities analysts have also recently weighed in on CBOE. 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research report on Thursday, April 4th. Oppenheimer increased their target price 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. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Finally, Citigroup increased their target price 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $190.18.

Insider Buying and Selling

In related news, EVP Dave Howson sold 8,314 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were 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 $3,231,323.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently made changes to their positions in the stock. Metis Global Partners LLC increased its position in shares of Cboe Global Markets by 12.7% during the third quarter. Metis Global Partners LLC now owns 5,239 shares of the company’s stock valued at $818,000 after acquiring an additional 592 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Cboe Global Markets by 17.7% during the third quarter. Exencial Wealth Advisors LLC now owns 3,427 shares of the company’s stock valued at $535,000 after acquiring an additional 516 shares during the last quarter. McGuire Investment Group LLC increased its position in shares of Cboe Global Markets by 0.9% during the fourth quarter. McGuire Investment Group LLC now owns 94,024 shares of the company’s stock valued at $16,789,000 after acquiring an additional 867 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $33,000. Finally, Seelaus Asset Management LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $352,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 0.1 %

The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 93.12 and a beta of 0.61. The business’s 50-day simple moving average is $184.26 and its two-hundred day simple moving average is $178.66. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 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.