Cboe Global Markets, Inc. (BATS:CBOE) Announces Quarterly Dividend of $0.63

Cboe Global Markets, Inc. (BATS:CBOE) announced a quarterly dividend on Friday, October 25th,RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.63 per share on Friday, December 13th. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, November 29th.

Cboe Global Markets has raised its dividend payment by an average of 10.4% per year over the last three years and has raised its dividend every year for the last 15 years.

Cboe Global Markets Stock Up 0.4 %

Shares of BATS:CBOE opened at $218.14 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a 50 day moving average of $207.90 and a two-hundred day moving average of $194.53. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 112.44 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the company earned $2.06 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has approved a stock buyback plan on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBOE. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer increased their target price on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays reduced their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $209.42.

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.