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

Cboe Global Markets, Inc. (BATS:CBOE) shares hit a new 52-week high during trading on Thursday after the company announced a dividend. The company 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. Shareholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of research analyst reports. Loop Capital set a $382.00 price target on Cboe Global Markets in a report on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $303.68 and a two-hundred day moving average price of $277.22. The company has a market capitalization of $38.50 billion, a price-to-earnings ratio of 187.12 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share 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 analyst estimates of $688.36 million. During the same period in the prior year, the firm earned $2.50 earnings per share. Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC grew its stake in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets in the 4th quarter valued at $26,000. NFSG Corp bought a new position in Cboe Global Markets in the 1st quarter valued at $31,000. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at $31,000. Finally, Physician Wealth Advisors Inc. grew its stake in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.