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

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

Cboe Global Markets Trading Down 2.5%

NASDAQ:CBOE traded down $6.92 during mid-day trading on Friday, hitting $268.36. The company had a trading volume of 890,882 shares, compared to its average volume of 898,064. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets has a fifty-two week low of $200.88 and a fifty-two week high of $279.33. The firm has a market cap of $28.08 billion, a P/E ratio of 37.17, a P/E/G ratio of 1.75 and a beta of 0.36. The business’s fifty day moving average is $259.50 and its two-hundred day moving average is $249.33.

Cboe Global Markets Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently modified their holdings of CBOE. Headlands Technologies LLC acquired a new position in Cboe Global Markets during the second quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Cboe Global Markets during the third quarter worth $45,000. E Fund Management Co. Ltd. acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $60,000. MUFG Securities EMEA plc bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $72,000. Finally, Geneos Wealth Management Inc. raised its stake in Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after buying an additional 198 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.