Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High at $215.54

Cboe Global Markets, Inc. (BATS:CBOE) shares reached a new 52-week high on Monday . The company traded as high as $215.54 and last traded at $211.48, with a volume of 752055 shares trading hands. The stock had previously closed at $211.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Oppenheimer upped their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Stock Performance

The firm has a fifty day moving average price of $194.64 and a 200 day moving average price of $184.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $22.40 billion, a PE ratio of 108.85 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock worth $4,654,822 over the last three months. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors have recently made changes to their positions in CBOE. FinTrust Capital Advisors LLC raised its holdings in shares of Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. ORG Partners LLC purchased a new position in shares of Cboe Global Markets in the second quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets in the first quarter valued at approximately $42,000. Finally, Riverview Trust Co purchased a new stake in Cboe Global Markets during the 1st quarter worth approximately $44,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.