Cboe Global Markets (NASDAQ:CBOE) Hits New 12-Month High - What's Next?

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $240.05 and last traded at $239.93, with a volume of 406422 shares trading hands. The stock had previously closed at $236.26.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their target price on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America reissued a "neutral" rating and set a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $222.58.

Cboe Global Markets Trading Up 0.2%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The business's 50 day moving average price is $230.50 and its two-hundred day moving average price is $218.40.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business earned $2.15 earnings per share. Cboe Global Markets's revenue was up 12.6% on a year-over-year basis. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Insider Activity at Cboe Global Markets

In related 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 transaction of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Brighton Jones LLC raised its position 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 period. American Century Companies Inc. raised its holdings in Cboe Global Markets by 39.4% during the 4th quarter. American Century Companies Inc. now owns 155,286 shares of the company's stock worth $30,343,000 after buying an additional 43,855 shares during the period. Sei Investments Co. raised its holdings in shares of Cboe Global Markets by 4.0% during the fourth quarter. Sei Investments Co. now owns 78,400 shares of the company's stock valued at $15,319,000 after acquiring an additional 2,994 shares during the period. LPL Financial LLC boosted its stake in Cboe Global Markets by 35.6% in the 4th quarter. LPL Financial LLC now owns 100,593 shares of the company's stock worth $19,656,000 after purchasing an additional 26,392 shares during the period. Finally, Korea Investment CORP raised its position in Cboe Global Markets by 10.1% during the fourth quarter. Korea Investment CORP now owns 55,750 shares of the company's stock valued at $10,894,000 after buying an additional 5,110 shares during the period. 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.