Cboe Global Markets (BATS:CBOE) Sets New 1-Year High – Still a Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $371.18 and last traded at $362.97, with a volume of 986736 shares trading hands. The stock had previously closed at $366.28.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CBOE. Barclays lifted their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Stock Down 2.5%

The company’s 50 day moving average price is $308.86 and its 200 day moving average price is $280.93. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 181.41 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same period in the previous year, the firm posted $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBOE. Brighton Jones LLC raised its holdings in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after purchasing an additional 3,987 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Cboe Global Markets by 132.4% during the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP increased its holdings in Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after buying an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.