Cboe Global Markets (BATS:CBOE) Sets New 1-Year High Following Dividend Announcement

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $205.16 and last traded at $204.43, with a volume of 482991 shares. The stock had previously closed at $202.94.

The newly announced dividend which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.23%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analysts Set New Price Targets

CBOE has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer upped their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Barclays upped their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Stock Up 0.7 %

The company has a market cap of $21.68 billion, a PE ratio of 104.61 and a beta of 0.61. 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 firm’s fifty day simple moving average is $180.71 and its 200-day simple moving average is $181.86.

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

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The disclosure for this sale can be found here. Insiders have sold a total of 16,565 shares of company stock valued at $3,063,663 over the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Cboe Global Markets during the 4th quarter worth $226,557,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cboe Global Markets by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,186 shares of the company’s stock worth $151,274,000 after buying an additional 16,224 shares during the last quarter. Tandem Investment Advisors Inc. lifted its position in Cboe Global Markets by 4.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after purchasing an additional 35,336 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Cboe Global Markets by 66.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after purchasing an additional 246,442 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Cboe Global Markets by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock valued at $96,367,000 after purchasing an additional 55,876 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

About Cboe Global Markets

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.