Cboe Global Markets (NASDAQ:CBOE) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Cboe Global Markets (NASDAQ:CBOE) issued its quarterly earnings results on Friday. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11, Briefing.com reports. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis.

Cboe Global Markets Stock Performance

CBOE stock traded down $5.80 during trading on Friday, hitting $269.48. 1,049,193 shares of the company’s stock traded hands, compared to its average volume of 903,566. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Cboe Global Markets has a 52 week low of $200.88 and a 52 week high of $279.33. The stock has a fifty day moving average price of $259.50 and a two-hundred day moving average price of $249.33. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s payout ratio is currently 30.93%.

Hedge Funds Weigh In On Cboe Global Markets

A number of large investors have recently bought and sold shares of CBOE. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $31,000. Measured Wealth Private Client Group LLC bought a new position in Cboe Global Markets during the 3rd quarter worth $45,000. E Fund Management Co. Ltd. acquired a new stake in Cboe Global Markets in the second quarter worth $60,000. MUFG Securities EMEA plc bought a new stake in Cboe Global Markets in the second quarter valued at $72,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Cboe Global Markets by 138.5% during the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after acquiring an additional 198 shares during the period. Institutional investors own 82.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CBOE shares. Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. UBS Group upped their target price on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Loop Capital set a $281.00 price target on Cboe Global Markets in a report on Wednesday, January 14th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Barclays lowered their target price on Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $268.36.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.