Cboe Global Markets (BATS:CBOE) Hits New 12-Month High – Here’s Why

Cboe Global Markets, Inc. (BATS:CBOE)’s share price hit a new 52-week high on Monday . The stock traded as high as $194.36 and last traded at $211.41, with a volume of 1780143 shares. The stock had previously closed at $193.37.

Wall Street Analyst Weigh In

CBOE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price objective for the stock from $212.00 to $222.00 in a report on Monday, November 11th. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Stock Up 10.3 %

The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 110.28 and a beta of 0.61. The firm’s 50 day simple moving average is $202.14 and its 200-day simple moving average is $205.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share 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%. Equities analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. boosted its holdings in shares of Cboe Global Markets by 2.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock worth $379,000 after buying an additional 52 shares during the period. Empirical Finance LLC lifted its holdings in Cboe Global Markets by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after purchasing an additional 74 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Cboe Global Markets by 11.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock valued at $159,000 after purchasing an additional 81 shares during the period. Oppenheimer & Co. Inc. increased its position in Cboe Global Markets by 1.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,471 shares of the company’s stock worth $1,940,000 after buying an additional 179 shares during the period. Finally, Prospector Partners LLC grew its stake in shares of Cboe Global Markets by 0.3% in the third quarter. Prospector Partners LLC now owns 55,430 shares of the company’s stock valued at $11,356,000 after acquiring an additional 180 shares in the last quarter. 81.73% of the stock is 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.