Cboe Global Markets (BATS:CBOE) Sets New 52-Week High Following Dividend Announcement

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during trading on Thursday after the company announced a dividend. The stock traded as high as $367.91 and last traded at $366.70, with a volume of 894529 shares traded. The stock had previously closed at $355.80.

The newly announced dividend which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s payout ratio is 98.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBOE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Morgan Stanley boosted their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Loop Capital set a $382.00 price target on Cboe Global Markets in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Up 1.2%

The stock has a fifty day moving average of $303.68 and a 200 day moving average of $277.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $38.50 billion, a PE ratio of 187.12 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the previous year, the firm earned $2.50 EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. This represents a 37.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director directly owned 4,761 shares in the company, valued at $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock valued at $1,628,981 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of Cboe Global Markets by 770.1% during the 1st quarter. Lazard Asset Management LLC now owns 35,334 shares of the company’s stock worth $9,931,000 after acquiring an additional 31,273 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $1,035,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Cboe Global Markets by 18.5% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 14,114 shares of the company’s stock worth $3,963,000 after acquiring an additional 2,207 shares in the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $272,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Cboe Global Markets by 2,430.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,674 shares of the company’s stock worth $29,421,000 after acquiring an additional 100,538 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.