Cboe Global Markets (BATS:CBOE) Hits New 52-Week High – Time to Buy?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $194.36 and last traded at $211.18, with a volume of 1780143 shares. The stock had previously closed at $193.37.

Analysts Set New Price Targets

Several research firms have issued reports on CBOE. Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their target price for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research report on Monday, November 4th. Finally, Barclays dropped their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $211.36.

Cboe Global Markets Stock Performance

The stock has a market capitalization of $22.36 billion, a P/E ratio of 108.66 and a beta of 0.61. The stock’s 50-day simple moving average is $200.15 and its 200 day simple moving average is $205.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.03). Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC lifted its position in shares of Cboe Global Markets by 8.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after acquiring an additional 51,793 shares during the period. Horizon Kinetics Asset Management LLC lifted its position in shares of Cboe Global Markets by 3.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock worth $85,567,000 after buying an additional 13,425 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Cboe Global Markets by 215.7% in the third quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock valued at $77,070,000 after buying an additional 257,016 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Cboe Global Markets by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 288,850 shares of the company’s stock valued at $59,177,000 after acquiring an additional 957 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Cboe Global Markets by 8.1% during the third quarter. Bank of Montreal Can now owns 209,803 shares of the company’s stock worth $42,506,000 after acquiring an additional 15,794 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

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.