Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) shares hit a new 52-week high during trading on Tuesday after Citigroup raised their price target on the stock from $230.00 to $245.00. Citigroup currently has a neutral rating on the stock. Cboe Global Markets 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.
CBOE has been the topic of several other research reports. UBS Group increased their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their price target for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Barclays raised their target price on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Bank of America reiterated a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Finally, Piper Sandler raised their target price on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of "Hold" and an average target price of $221.58.
View Our Latest Report on Cboe Global Markets
Insiders Place Their Bets
In other news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Cboe Global Markets
Hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at about $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets during the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in Cboe Global Markets during the 4th quarter valued at about $29,000. Greenline Partners LLC bought a new position in Cboe Global Markets during the 4th quarter valued at about $29,000. Finally, Hughes Financial Services LLC bought a new position in Cboe Global Markets during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 82.67% of the company's stock.
Cboe Global Markets Stock Down 0.1%
The stock has a market capitalization of $24.54 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.75 and a beta of 0.43. The firm's fifty day moving average is $227.56 and its 200-day moving average is $214.88. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.
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 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 period in the prior year, the firm earned $2.15 earnings per share. The business's revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.
Cboe Global Markets Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.
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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