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

Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $194.36 and last traded at $216.39, with a volume of 1780143 shares traded. The stock had previously closed at $193.37.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the company from $212.00 to $222.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Trading Up 12.3 %

The stock has a market cap of $23.04 billion, a P/E ratio of 110.31 and a beta of 0.61. 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’s fifty day moving average is $203.25 and its 200 day moving average is $205.78.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently modified their holdings of CBOE. Farther Finance Advisors LLC lifted its stake in shares of Cboe Global Markets by 11.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after purchasing an additional 81 shares during the last quarter. Van ECK Associates Corp grew its holdings in Cboe Global Markets by 11.0% in the third quarter. Van ECK Associates Corp now owns 18,421 shares of the company’s stock worth $3,934,000 after purchasing an additional 1,827 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Cboe Global Markets by 2.0% during the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock worth $32,197,000 after purchasing an additional 3,155 shares in the last quarter. SpiderRock Advisors LLC lifted its holdings in shares of Cboe Global Markets by 55.5% during the 3rd quarter. SpiderRock Advisors LLC now owns 17,574 shares of the company’s stock valued at $3,600,000 after purchasing an additional 6,276 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth $144,000. 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.