Cboe Global Markets (NASDAQ:CBOE) Hits New 52-Week High - Should You Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $237.27 and last traded at $235.16, with a volume of 56646 shares trading hands. The stock had previously closed at $235.22.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CBOE shares. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America reiterated a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday. UBS Group raised their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Oppenheimer increased their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $221.75.

Cboe Global Markets Price Performance

The company's 50-day simple moving average is $227.08 and its 200 day simple moving average is $214.47. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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%. During the same quarter last year, the company earned $2.15 EPS. Cboe Global Markets's revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. Cboe Global Markets's payout ratio is presently 33.03%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors have recently bought and sold shares of CBOE. Alliancebernstein L.P. raised its position in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank bought a new position in shares of Cboe Global Markets during the 4th quarter worth about $269,524,000. GAMMA Investing LLC boosted its position in shares of Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock valued at $241,580,000 after purchasing an additional 854,325 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth $74,789,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Company Profile

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.