Cboe Global Markets, Inc. (CBOE) Trades at New 52-Week High

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In the market the company is trading up by 0.64%% since yesterday’s close of 109.99. Shares of the company are trading at $110.69 which is just over $107.17, the 50 day moving average and which is quite a bit above the 200 day moving average of $94.25. The 50 day moving average went up $3.52 or +3.28% whereas the 200 day average was up by +17.45%.

Short traders are feeling a little more bearish on shares of the company lately as indicated by the change in short interest. The company had a rise in short interest of 5.72% between September 15, 2017 and September 29, 2017. Short interest increased from 6,500,172 to 6,872,304 over that timeframe. With short interest at 6,872,304 and short average daily volume at 960,371, days to cover is 7.0 and the short interest percentage is 0.06% as of September 29.

CBOE Holdings, Inc., launched on August 15, 2006, is a holding company. The Business’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis, and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Business’s subsidiaries include Chicago Board Options Exchange, Incorporated (CBOE), CBOE Futures Exchange, LLC (CFE), C2 Options Exchange, Incorporated (C2), Market Data Express, LLC and Chicago Options Exchange Building Corporation..

Here are a few substantial investment firms who have updated their positions. Shell Asset Management CO divested its investment by selling 3,903 shares a decrease of 16.3% as of 09/30/2017. Shell Asset Management CO controls 20,093 shares with a value of $2,163,000. The total value of its holdings decreased 1.4%. As of the end of the quarter State Treasurer State Of Michigan had bought 4,000 shares growing its stake by 13.2%. The value of the total investment in Cboe Global Markets, Inc. went from $2,760,000 to $3,681,000 a change of 33.4% since the last quarter.

Wealthtrust-arizona, LLC expanded its stake by buying 10 shares an increase of 15.9% in the quarter. Wealthtrust-arizona, LLC claims 73 shares valued at $8,000. The value of the position overall is up by 33.3%. As of quarter end Robeco Institutional Asset Management B.v. had acquired a total of 11,387 shares growing its position 32.5%. The value of the investment in Cboe Global Markets, Inc. increased from $3,201,000 to $4,993,000 increasing 56.0% quarter over quarter.

Citigroup began coverage of the stock with an initial rating of “Neutral”. July 17 investment analysts at Jefferies left the company rating at “Hold” and moved up the price target from $66.00 to $92.00.

On October 16 the company was rated “Sector Perform” by RBC Capital a cut from the previous “Sector Perform” rating.

Cboe Global Markets, Inc. recently announced a dividend which was paid on Friday September 15th, 2017. The dividend was $0.270 per share for the quarter or $1.08 annualized. This dividend represents a yield of $0.98. The ex-dividend date was Wednesday the 30th of August 2017.

The P/E ratio is 60.52 and the market cap of the company is 12.48B. As of the last earnings report the EPS was $1.83 and is estimated to be $3.42 for the current year with 112,777,000 shares now outstanding. Next quarter’s EPS is estimated at $0.89 with next year’s EPS projected to be $3.98.

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