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

Cboe Global Markets, Inc. (BATS:CBOE) declared a quarterly dividend on Friday, August 16th, RTT News reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.63 per share on Friday, September 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55.

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 every year for the last 15 years.

Cboe Global Markets Price Performance

CBOE stock traded down $2.33 during trading on Thursday, hitting $209.02. The company had a trading volume of 745,348 shares, compared to its average volume of 636,231. The company has a fifty day moving average price of $186.95 and a two-hundred day moving average price of $183.30. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The company has a market cap of $22.17 billion, a P/E ratio of 107.73 and a beta of 0.61. 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 (BATS:CBOE) last issued its 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 company 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. Equities research analysts expect that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBOE. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Rosenblatt Securities increased their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Barclays raised their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $199.64.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of the company’s 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 in the company, valued at approximately $879,579.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. Insiders have sold 16,639 shares of company stock worth $3,079,461 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets declared that its board has initiated a share repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.