Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High After Dividend Announcement

Shares of Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as $213.31 and last traded at $212.85, with a volume of 545161 shares trading hands. The stock had previously closed at $212.82.

The newly announced dividend which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a report on Friday, October 4th. Keefe, Bruyette & Woods upped 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 report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Oppenheimer upped their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, TD Cowen assumed coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $208.75.

Cboe Global Markets Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average of $209.20 and a 200 day moving average of $190.35. The firm has a market cap of $22.58 billion, a P/E ratio of 109.70 and a beta of 0.61.

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

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

Insider Activity at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dave Howson sold 5,073 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the transaction, the executive vice president now owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,369 shares of company stock worth $2,687,925 over the last 90 days. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of CBOE. Wealth Enhancement Advisory Services LLC raised its position in Cboe Global Markets by 125.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock valued at $1,592,000 after buying an additional 4,824 shares during the last quarter. Chapin Davis Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $277,000. Allspring Global Investments Holdings LLC raised its position in Cboe Global Markets by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 382,677 shares of the company’s stock valued at $70,309,000 after buying an additional 4,700 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $272,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.73% 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.