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

Cboe Global Markets, Inc. (BATS:CBOE) declared a quarterly dividend on Friday, October 25th,RTT News reports. Investors 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 1.16%. The ex-dividend date is Friday, November 29th.

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

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $217.30 on Wednesday. The firm has a market capitalization of $23.05 billion, a PE ratio of 112.01 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $207.83 and a two-hundred day moving average of $194.27. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, research analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Cboe Global Markets declared that its Board of Directors has approved a share buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CBOE shares. Piper Sandler lifted their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer increased their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, TD Cowen started coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $209.42.

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.