Cboe Global Markets (BATS:CBOE) Hits New 12-Month High After Earnings Beat

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

The company reported $2.15 earnings per share (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 firm had revenue of $502.10 million during the quarter, compared to analyst estimates of $504.80 million. During the same quarter last year, the business earned $1.90 EPS. The company’s revenue was up 6.5% compared to the same quarter last year.

Cboe Global Markets Announces Dividend

The firm 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. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analysts Set New Price Targets

Several brokerages have commented on CBOE. Citigroup lifted their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. Bank of America upped their price target on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Rosenblatt Securities lifted their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays upped their price objective on shares of Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $191.00.

Insider Buying and Selling

In other news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Cboe Global Markets

Hedge funds and other institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC boosted its stake in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at $29,000. Optiver Holding B.V. bought a new position in shares of Cboe Global Markets in the 4th quarter worth $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $30,000. Finally, Allworth Financial LP boosted its position in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after purchasing 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 Price Performance

The company has a market cap of $19.55 billion, a PE ratio of 94.99 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $182.19 and a 200-day simple moving average of $179.89.

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.