Cboe Global Markets, Inc. (CBOE) to Issue Quarterly Dividend of $0.63 on December 13th

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

Cboe Global Markets has increased its dividend 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 Stock Down 1.0 %

CBOE opened at $212.82 on Friday. The company has a 50 day moving average of $209.20 and a 200 day moving average of $190.28. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a market cap of $22.57 billion, a PE ratio of 109.70 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million during 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 business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. On average, sell-side analysts expect that Cboe Global Markets will post 6.41 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. 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 this link. 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 value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,369 shares of company stock valued at $2,687,925. 0.51% of the stock is currently owned by company insiders.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on CBOE shares. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Piper Sandler lifted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a report on Friday, October 4th. Oppenheimer lifted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays increased their price objective on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $208.75.

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.