Cboe Global Markets (BATS:CBOE) Sets New 12-Month High Following Strong Earnings

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

The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.11. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.90 earnings per share.

Cboe Global Markets Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBOE shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 4th. Barclays increased their price target on Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating and issued a $206.00 price target on shares of Cboe Global Markets in a research note on Monday. Bank of America increased their price target on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $191.00.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,285,448.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Institutional investors and hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC lifted its stake in shares of Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 85 shares during the last quarter. NBC Securities Inc. purchased a new stake in Cboe Global Markets during the 3rd quarter valued at $29,000. Optiver Holding B.V. purchased 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 stake in Cboe Global Markets during the 4th quarter valued at $30,000. Finally, Allworth Financial LP boosted its stake 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 buying an additional 73 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 1.6 %

The stock has a market capitalization of $19.36 billion, a PE ratio of 94.09 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. The stock has a 50 day moving average price of $182.47 and a 200-day moving average price of $179.75.

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.