Cboe Global Markets, Inc. Announces Quarterly Dividend of $0.63 (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE) declared a quarterly dividend on Friday, October 25th, RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.63 per share on Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%.

Cboe Global Markets has increased its dividend payment by an average of 10.4% per year over the last three years and has raised its dividend annually for the last 15 consecutive years.

Cboe Global Markets Trading Down 1.0 %

Shares of BATS:CBOE traded down $2.05 during trading on Friday, reaching $212.94. The stock had a trading volume of 552,278 shares, compared to its average volume of 636,231. The business has a fifty day moving average price of $209.00 and a 200-day moving average price of $189.99. 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 stock has a market cap of $22.58 billion, a P/E ratio of 109.76 and a beta of 0.61. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the previous year, the firm earned $1.78 earnings per share. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has initiated a stock repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research note on Friday, October 4th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Barclays boosted their price objective on shares of Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, TD Cowen assumed coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $208.75.

Insider Activity at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the sale, the executive vice president now directly owns 7,573 shares of the company’s stock, valued at approximately $1,455,227.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,369 shares of company stock valued at $2,687,925 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Company Profile

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.