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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CBOE. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Barclays decreased their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Stock Up 7.8 %

The stock’s 50 day simple moving average is $200.65 and its two-hundred day simple moving average is $205.36. The firm has a market cap of $22.12 billion, a P/E ratio of 107.49 and a beta of 0.61. 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 posted its quarterly 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 return on equity of 20.05% and a net margin of 5.77%. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC boosted its stake in Cboe Global Markets by 8.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock worth $137,024,000 after purchasing an additional 51,793 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted 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 worth $85,567,000 after buying an additional 13,425 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Cboe Global Markets by 215.7% during 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Cboe Global Markets by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 288,850 shares of the company’s stock worth $59,177,000 after acquiring an additional 957 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Cboe Global Markets by 8.1% in the 3rd quarter. Bank of Montreal Can now owns 209,803 shares of the company’s stock worth $42,506,000 after purchasing 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.