Cboe Global Markets, Inc. (NASDAQ:CBOE – Get Rating) – Stock analysts at Oppenheimer dropped their Q3 2022 EPS estimates for shares of Cboe Global Markets in a note issued to investors on Sunday, July 31st. Oppenheimer analyst O. Lau now anticipates that the company will post earnings per share of $1.49 for the quarter, down from their prior estimate of $1.50. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.44 per share. Oppenheimer also issued estimates for Cboe Global Markets’ Q4 2022 earnings at $1.46 EPS, FY2022 earnings at $6.34 EPS and FY2023 earnings at $6.55 EPS.
Cboe Global Markets (NASDAQ:CBOE – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.02). The firm had revenue of $424.10 million during the quarter, compared to the consensus estimate of $422.56 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS.
Several other research analysts also recently commented on the stock. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 19th. Citigroup decreased their price target on shares of Cboe Global Markets from $155.00 to $145.00 in a research report on Wednesday, April 13th. Credit Suisse Group restated a “maintains” rating on shares of Cboe Global Markets in a research report on Monday. Rosenblatt Securities raised their price target on shares of Cboe Global Markets from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Finally, TheStreet lowered shares of Cboe Global Markets from a “b+” rating to a “c+” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.
Cboe Global Markets Stock Performance
Shares of CBOE opened at $117.85 on Wednesday. The company has a market capitalization of $12.51 billion, a PE ratio of 60.75 and a beta of 0.61. Cboe Global Markets has a one year low of $103.82 and a one year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.25. The company’s fifty day moving average price is $115.65 and its 200 day moving average price is $115.54.
Institutional Trading of Cboe Global Markets
Several institutional investors have recently made changes to their positions in CBOE. Commonwealth Equity Services LLC boosted its position in shares of Cboe Global Markets by 2.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,687 shares of the company’s stock valued at $2,697,000 after acquiring an additional 404 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at about $2,123,000. Xponance Inc. boosted its position in Cboe Global Markets by 24.5% in the fourth quarter. Xponance Inc. now owns 6,863 shares of the company’s stock valued at $895,000 after buying an additional 1,352 shares in the last quarter. Centaurus Financial Inc. acquired a new position in Cboe Global Markets in the fourth quarter valued at about $412,000. Finally, Occidental Asset Management LLC boosted its position in Cboe Global Markets by 4.5% in the fourth quarter. Occidental Asset Management LLC now owns 6,295 shares of the company’s stock valued at $821,000 after buying an additional 272 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.
Cboe Global Markets Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.92 annualized dividend and a dividend yield of 1.63%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.
About Cboe Global Markets
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.
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