Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $237.47 and last traded at $235.77, with a volume of 131060 shares trading hands. The stock had previously closed at $235.01.
Wall Street Analysts Forecast Growth
A number of analysts have commented on CBOE shares. Morgan Stanley downgraded shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their price objective for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Barclays cut their target price on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group upped their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Oppenheimer lifted their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $221.58.
View Our Latest Stock Analysis on Cboe Global Markets
Cboe Global Markets Stock Performance
The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. 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 stock's fifty day simple moving average is $227.73 and its 200-day simple moving average is $215.43.
Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $2.15 EPS. Analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.
Cboe Global Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's payout ratio is currently 33.03%.
Insider Activity at Cboe Global Markets
In other news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets in the 1st quarter valued at about $26,000. NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new position in Cboe Global Markets during the fourth quarter worth $29,000. Greenline Partners LLC purchased a new stake in Cboe Global Markets during the fourth quarter worth $29,000. Finally, Hughes Financial Services LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $29,000. Institutional investors and hedge funds own 82.67% of the company's stock.
About Cboe Global Markets
(
Get Free Report)
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.
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