Cboe Global Markets, Inc. (BATS:CBOE) to Post FY2022 Earnings of $6.89 Per Share, Jefferies Financial Group Forecasts

Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) – Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for Cboe Global Markets in a note issued to investors on Tuesday, January 10th. Jefferies Financial Group analyst D. Fannon now forecasts that the company will post earnings per share of $6.89 for the year, up from their prior forecast of $6.56. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Jefferies Financial Group also issued estimates for Cboe Global Markets’ Q2 2023 earnings at $1.79 EPS, FY2023 earnings at $7.05 EPS and Q2 2024 earnings at $1.98 EPS.

Cboe Global Markets (BATS:CBOE – Get Rating) last announced its quarterly earnings results on Friday, November 4th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.65 by $0.09. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $442.40 million for the quarter, compared to analysts’ expectations of $441.61 million. During the same quarter in the previous year, the company earned $1.45 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. TheStreet upgraded Cboe Global Markets from a “c+” rating to a “b” rating in a research report on Friday, November 4th. Rosenblatt Securities increased their price objective on shares of Cboe Global Markets from $162.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, November 7th. Citigroup assumed coverage on shares of Cboe Global Markets in a report on Tuesday, October 11th. They issued a “neutral” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Cboe Global Markets from $131.00 to $125.00 and set an “underweight” rating for the company in a report on Monday. Finally, Redburn Partners assumed coverage on Cboe Global Markets in a research report on Monday, November 14th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $139.67.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $123.77 on Thursday. The firm has a market cap of $13.13 billion, a PE ratio of 63.62 and a beta of 0.61. The stock has a 50 day moving average of $124.59 and a 200 day moving average of $122.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.62%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.48. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP John P. Sexton sold 2,872 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $127.00, for a total transaction of $364,744.00. Following the completion of the transaction, the executive vice president now owns 15,190 shares in the company, valued at $1,929,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Jill Griebenow sold 400 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $128.00, for a total value of $51,200.00. Following the completion of the sale, the chief accounting officer now owns 7,230 shares in the company, valued at $925,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Sexton sold 2,872 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $127.00, for a total value of $364,744.00. Following the completion of the sale, the executive vice president now owns 15,190 shares of the company’s stock, valued at approximately $1,929,130. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

A number of large investors have recently modified their holdings of CBOE. UBS Asset Management Americas Inc. purchased a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $92,394,000. Parnassus Investments LLC boosted its holdings in shares of Cboe Global Markets by 25.7% in the second quarter. Parnassus Investments LLC now owns 2,477,331 shares of the company’s stock valued at $280,409,000 after purchasing an additional 505,941 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Cboe Global Markets by 135.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 768,099 shares of the company’s stock valued at $90,152,000 after purchasing an additional 441,234 shares during the period. Bridgewater Associates LP raised its stake in Cboe Global Markets by 314.3% in the second quarter. Bridgewater Associates LP now owns 477,403 shares of the company’s stock worth $54,037,000 after buying an additional 362,161 shares in the last quarter. Finally, Cooke & Bieler LP bought a new position in Cboe Global Markets in the second quarter worth approximately $40,465,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Cboe Global Markets

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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.