Cboe Global Markets, Inc. Declares Quarterly Dividend of $0.63 (NASDAQ:CBOE)

Cboe Global Markets, Inc. (NASDAQ:CBOE) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.63 per share on Friday, June 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, May 30th.

Cboe Global Markets has increased its dividend payment by an average of 9.5% per year over the last three years and has increased its dividend every year for the last 1 years.

Cboe Global Markets Stock Up 0.4 %

NASDAQ:CBOE opened at $234.23 on Thursday. The stock has a market cap of $24.52 billion, a P/E ratio of 32.44, a PEG ratio of 1.75 and a beta of 0.44. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $236.00. The stock’s 50 day moving average price is $216.72. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share. As a group, sell-side analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cboe Global Markets stock. Brighton Jones LLC grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,092 shares of the company’s stock after buying an additional 100 shares during the period. Brighton Jones LLC’s holdings in Cboe Global Markets were worth $213,000 as of its most recent SEC filing. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CBOE shares. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group cut their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Keefe, Bruyette & Woods dropped their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. UBS Group raised their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Monday. Finally, William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $223.36.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.