Cboe Global Markets (NASDAQ:CBOE) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) released its quarterly earnings results on Friday. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14, Briefing.com reports. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 EPS.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock traded up $5.18 during midday trading on Friday, hitting $226.39. 1,371,037 shares of the company traded hands, compared to its average volume of 889,015. The business has a fifty day simple moving average of $215.22. The stock has a market capitalization of $23.70 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 12 month low of $166.13 and a 12 month high of $234.37.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares of the company's stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. Insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Cboe Global Markets

An institutional investor recently raised its position in Cboe Global Markets stock. Brighton Jones LLC boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,092 shares of the company's stock after buying an additional 100 shares during the period. Brighton Jones LLC's holdings in Cboe Global Markets were worth $213,000 at the end of the most recent quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. Barclays increased their price objective on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday. The Goldman Sachs Group cut shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective for the company. in a research note on Monday, January 6th. Piper Sandler increased their target price on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $220.10.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.