Cboe Global Markets (BATS:CBOE) Sets New 1-Year High After Better-Than-Expected Earnings

Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $183.68 and last traded at $182.53, with a volume of 919025 shares changing hands. The stock had previously closed at $179.67.

The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Cboe Global Markets’s quarterly revenue was up 6.5% on a year-over-year basis.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of analyst reports. Barclays upped their price target on shares of Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup upped their price target on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Rosenblatt Securities raised their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating and set a $206.00 target price on shares of Cboe Global Markets in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a research report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $191.00.

Insider Buying and Selling

In other news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the sale, the executive vice president now owns 17,573 shares in the company, valued at $3,285,448.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC lifted its stake in Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the period. NBC Securities Inc. bought a new position in Cboe Global Markets in the third quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in Cboe Global Markets during the 4th quarter valued at $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $30,000. Finally, Allworth Financial LP raised its position in shares of Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 1.6 %

The business has a 50 day moving average of $182.47 and a two-hundred day moving average of $179.75. 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 has a market capitalization of $19.36 billion, a PE ratio of 92.61 and a beta of 0.61.

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.