Cboe Global Markets (CBOE:CBOE) Reaches New 1-Year High at $117.35

Cboe Global Markets Inc (CBOE:CBOE)’s share price hit a new 52-week high on Friday . The company traded as high as $117.35 and last traded at $115.91, with a volume of 107637 shares traded. The stock had previously closed at $115.07.

A number of analysts have recently weighed in on the stock. UBS Group cut their price target on shares of Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Rosenblatt Securities downgraded shares of Cboe Global Markets from a “buy” rating to a “neutral” rating in a report on Thursday, April 18th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $120.00 price target (up previously from $112.00) on shares of Cboe Global Markets in a report on Friday, July 5th. Zacks Investment Research downgraded shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Barclays reaffirmed a “hold” rating and set a $102.00 price target on shares of Cboe Global Markets in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $111.50.

The company’s 50 day moving average is $111.56 and its 200 day moving average is $103.00.

Cboe Global Markets (CBOE:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The company had revenue of $280.50 million during the quarter, compared to the consensus estimate of $279.49 million.

In other Cboe Global Markets news, EVP John Deters sold 834 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $103.78, for a total value of $86,552.52. Following the completion of the transaction, the executive vice president now directly owns 3,121 shares in the company, valued at approximately $323,897.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brian N. Schell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $108.47, for a total transaction of $1,084,700.00. Following the completion of the transaction, the chief financial officer now owns 36,069 shares of the company’s stock, valued at $3,912,404.43. The disclosure for this sale can be found here. In the last three months, insiders sold 39,173 shares of company stock valued at $4,277,605. 0.89% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio increased its position in Cboe Global Markets by 13.0% in the 1st quarter. Strs Ohio now owns 1,442 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 166 shares during the period. First Interstate Bank increased its position in shares of Cboe Global Markets by 31.6% during the first quarter. First Interstate Bank now owns 1,875 shares of the financial services provider’s stock worth $179,000 after buying an additional 450 shares during the period. Martingale Asset Management L P acquired a new stake in shares of Cboe Global Markets during the first quarter worth $249,000. Bank of Hawaii acquired a new stake in shares of Cboe Global Markets during the first quarter worth $252,000. Finally, Penserra Capital Management LLC increased its position in shares of Cboe Global Markets by 16.0% during the first quarter. Penserra Capital Management LLC now owns 2,653 shares of the financial services provider’s stock worth $269,000 after buying an additional 365 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Cboe Global Markets Company Profile (CBOE:CBOE)

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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