Jefferies Financial Group Weighs in on Cboe Global Markets, Inc.’s FY2022 Earnings (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOEGet Rating) – Equities research analysts at Jefferies Financial Group lifted their FY2022 earnings estimates for shares of Cboe Global Markets in a research report issued to clients and investors on Tuesday, January 10th. Jefferies Financial Group analyst D. Fannon now forecasts that the company will earn $6.89 per share for the year, up from their previous forecast of $6.56. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Jefferies Financial Group also issued estimates for Cboe Global Markets’ Q2 2023 earnings at $1.79 EPS, FY2023 earnings at $7.05 EPS and Q2 2024 earnings at $1.98 EPS.

Cboe Global Markets (BATS:CBOEGet Rating) last released its quarterly earnings data on Friday, November 4th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.09. The company had revenue of $442.40 million during the quarter, compared to the consensus estimate of $441.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS.

Other analysts also recently issued research reports about the stock. TheStreet upgraded shares of Cboe Global Markets from a “c+” rating to a “b” rating in a report on Friday, November 4th. Citigroup initiated coverage on shares of Cboe Global Markets in a report on Tuesday, October 11th. They issued a “neutral” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Cboe Global Markets from $131.00 to $125.00 and set an “underweight” rating for the company in a report on Monday. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $137.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Rosenblatt Securities raised their price target on shares of Cboe Global Markets from $162.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $139.67.

Cboe Global Markets Stock Up 0.3 %

CBOE stock opened at $123.77 on Thursday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 63.62 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a 50-day moving average of $124.59 and a two-hundred day moving average of $122.18.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. UBS Asset Management Americas Inc. purchased a new position in Cboe Global Markets in the 3rd quarter valued at approximately $92,394,000. Parnassus Investments LLC boosted its position in Cboe Global Markets by 25.7% in the 2nd quarter. Parnassus Investments LLC now owns 2,477,331 shares of the company’s stock valued at $280,409,000 after buying an additional 505,941 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Cboe Global Markets by 135.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 768,099 shares of the company’s stock valued at $90,152,000 after buying an additional 441,234 shares during the period. Bridgewater Associates LP boosted its position in Cboe Global Markets by 314.3% in the 2nd quarter. Bridgewater Associates LP now owns 477,403 shares of the company’s stock valued at $54,037,000 after buying an additional 362,161 shares during the period. Finally, Cooke & Bieler LP purchased a new position in Cboe Global Markets in the 2nd quarter valued at approximately $40,465,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In related news, EVP John P. Sexton sold 2,872 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $127.00, for a total transaction of $364,744.00. Following the completion of the transaction, the executive vice president now owns 15,190 shares of the company’s stock, valued at approximately $1,929,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John P. Sexton sold 2,872 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $127.00, for a total transaction of $364,744.00. Following the completion of the transaction, the executive vice president now owns 15,190 shares of the company’s stock, valued at approximately $1,929,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jill Griebenow sold 400 shares of the stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $128.00, for a total transaction of $51,200.00. Following the transaction, the chief accounting officer now directly owns 7,230 shares of the company’s stock, valued at approximately $925,440. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.48. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

About Cboe Global Markets

(Get Rating)

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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Earnings History and Estimates for Cboe Global Markets (BATS:CBOE)

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