Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High After Dividend Announcement

Shares of Cboe Global Markets, Inc. (BATS:CBOEGet Free Report) hit a new 52-week high on Monday after the company announced a dividend. The company traded as high as $184.63 and last traded at $184.28, with a volume of 522096 shares. The stock had previously closed at $183.50.

The newly announced dividend which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Cboe Global Markets from $177.00 to $193.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Argus lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Oppenheimer raised their price target on Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Rosenblatt Securities raised their price target on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Citigroup raised their price target on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Moderate Buy” and an average price target of $183.78.

View Our Latest Report on Cboe Global Markets

Cboe Global Markets Trading Up 0.4 %

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50-day simple moving average of $179.97 and a two-hundred day simple moving average of $166.84. The firm has a market capitalization of $19.55 billion, a P/E ratio of 94.99 and a beta of 0.61.

Cboe Global Markets (BATS:CBOEGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. The business had revenue of $499.00 million during the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 1,300 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $179.62, for a total value of $233,506.00. Following the completion of the transaction, the executive vice president now directly owns 4,214 shares of the company’s stock, valued at approximately $756,918.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Cboe Global Markets by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,382,015 shares of the company’s stock worth $1,416,751,000 after buying an additional 185,967 shares during the last quarter. State Street Corp grew its stake in Cboe Global Markets by 2.6% during the 2nd quarter. State Street Corp now owns 4,652,396 shares of the company’s stock worth $642,077,000 after buying an additional 116,565 shares during the last quarter. Geode Capital Management LLC grew its stake in Cboe Global Markets by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,442,276 shares of the company’s stock valued at $336,600,000 after purchasing an additional 43,446 shares during the last quarter. FMR LLC grew its stake in Cboe Global Markets by 15.1% during the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after purchasing an additional 289,048 shares during the last quarter. Finally, Morgan Stanley grew its stake in Cboe Global Markets by 24.5% during the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after purchasing an additional 342,505 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

(Get Free Report)

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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