Cboe Global Markets (BATS:CBOE) Reaches New 12-Month High – What’s Next?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high on Tuesday . The company traded as high as $194.36 and last traded at $202.96, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Analyst Ratings Changes

Several equities analysts have commented on CBOE shares. Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $211.36.

Cboe Global Markets Trading Up 8.2 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day simple moving average is $199.77 and its 200 day simple moving average is $205.07. The stock has a market cap of $22.19 billion, a P/E ratio of 108.55 and a beta of 0.61.

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

Institutional Investors Weigh In On Cboe Global Markets

Several large investors have recently made changes to their positions in CBOE. Los Angeles Capital Management LLC boosted its position in Cboe Global Markets by 8.4% in the third quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after buying an additional 51,793 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Cboe Global Markets by 3.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock valued at $85,567,000 after acquiring an additional 13,425 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cboe Global Markets by 215.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock worth $77,070,000 after acquiring an additional 257,016 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Cboe Global Markets by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 288,850 shares of the company’s stock valued at $59,177,000 after purchasing an additional 957 shares in the last quarter. Finally, Raymond James & Associates raised its position in Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after purchasing an additional 175,159 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.