Cboe Global Markets (BATS:CBOE) Announces Earnings Results

Cboe Global Markets (BATS:CBOEGet Free Report) released its earnings results on Friday. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.02, RTT News reports. The business had revenue of $499.00 million for the quarter, compared to the consensus estimate of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share.

Cboe Global Markets Stock Performance

CBOE stock opened at $182.78 on Friday. 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 company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 94.22 and a beta of 0.61. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a 50 day moving average of $179.67 and a two-hundred day moving average of $164.95.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBOE. Argus downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Oppenheimer boosted their price objective on shares of Cboe Global Markets from $184.00 to $201.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 price objective on the stock. in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Barclays raised shares of Cboe Global Markets from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $189.00 to $204.00 in a research report on Monday, January 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $192.00 price objective on shares of Cboe Global Markets in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Moderate Buy” and an average price target of $182.78.

Read Our Latest Analysis on Cboe Global Markets

Cboe Global Markets announced that its board has approved a stock buyback program on Thursday, October 26th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 1,300 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $179.62, for a total value of $233,506.00. Following the completion of the sale, the executive vice president now directly owns 4,214 shares in the company, valued at $756,918.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the stock. Clear Street Markets LLC raised its stake in Cboe Global Markets by 93.5% during the 1st quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Cboe Global Markets during the 4th quarter valued at $44,000. Point72 Asset Management L.P. acquired a new position in Cboe Global Markets during the 2nd quarter valued at $47,000. Covestor Ltd raised its stake in shares of Cboe Global Markets by 87.6% in the 1st quarter. Covestor Ltd now owns 874 shares of the company’s stock valued at $100,000 after buying an additional 408 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Cboe Global Markets by 34.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 964 shares of the company’s stock valued at $110,000 after buying an additional 248 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

(Get Free Report)

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.

Further Reading

Earnings History for Cboe Global Markets (BATS:CBOE)

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