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

Cboe Global Markets, Inc. (BATS:CBOE) shares reached a new 52-week high during mid-day 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 trading hands. The stock had previously closed at $179.67.

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

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Barclays boosted their target price on Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 price target on shares of Cboe Global Markets in a research report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $191.00.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, 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 is available at the SEC website. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its position 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 buying an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Cboe Global Markets during the 4th quarter valued at about $30,000. Allworth Financial LP lifted its holdings in shares of Cboe Global Markets by 75.3% during the 4th 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. Finally, ORG Partners LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 0.8 %

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 business has a 50 day moving average of $182.19 and a 200-day moving average of $179.89. The firm has a market capitalization of $19.55 billion, a P/E ratio of 94.99 and a beta of 0.61.

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.