Cboe Global Markets, Inc. (CBOE) to Issue Quarterly Dividend of $0.55 on March 15th

Cboe Global Markets, Inc. (BATS:CBOEGet Free Report) announced a quarterly dividend on Friday, February 9th, NASDAQ reports. Shareholders of record on Thursday, February 29th will be given a dividend of 0.55 per share on Friday, March 15th. This represents a $2.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, February 28th.

Cboe Global Markets Trading Down 0.4 %

Shares of Cboe Global Markets stock opened at $183.50 on Friday. The company has a market cap of $19.46 billion, a P/E ratio of 94.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The firm has a 50-day simple moving average of $179.91 and a two-hundred day simple moving average of $166.38.

Cboe Global Markets (BATS:CBOEGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $1.80 EPS. As a group, equities analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has initiated a share buyback program on Thursday, October 26th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 1,300 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $179.62, for a total transaction of $233,506.00. Following the completion of the sale, the executive vice president now directly owns 4,214 shares in the company, valued at $756,918.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Cboe Global Markets

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Markets LLC boosted its stake in shares of Cboe Global Markets by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Cboe Global Markets during the 4th quarter worth about $44,000. Point72 Asset Management L.P. acquired a new position in Cboe Global Markets during the 2nd quarter worth about $47,000. Covestor Ltd lifted its position in Cboe Global Markets by 87.6% during the 1st quarter. Covestor Ltd now owns 874 shares of the company’s stock worth $100,000 after buying an additional 408 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in Cboe Global Markets by 34.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 964 shares of the company’s stock worth $110,000 after buying an additional 248 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CBOE. Piper Sandler raised their price objective on shares of Cboe Global Markets from $177.00 to $193.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Argus downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Barclays decreased their price objective on shares of Cboe Global Markets from $204.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, February 5th. Oppenheimer lifted their target price on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Rosenblatt Securities boosted their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Moderate Buy” and a consensus price target of $183.78.

Read Our Latest Stock Report on CBOE

About Cboe Global Markets

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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.

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Dividend History for Cboe Global Markets (BATS:CBOE)

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