Cboe Global Markets, Inc. (CBOE) to Issue Quarterly Dividend of $0.63 on March 14th

Cboe Global Markets, Inc. (NASDAQ:CBOE) announced a quarterly dividend on Wednesday, February 12th, RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.63 per share on Friday, March 14th. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, February 28th.

Cboe Global Markets has increased its dividend by an average of 9.5% annually over the last three years.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $208.06 on Wednesday. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.75 and a beta of 0.68. The firm’s fifty day moving average is $200.47. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. 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 announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company posted $2.06 earnings per share. Equities analysts forecast that Cboe Global Markets will post 8.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CBOE. William Blair started coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Oppenheimer cut their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Bank of America lifted their target price on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group cut their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $206.86.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,316 shares of company stock worth $2,332,393 over the last three months. 0.22% of the stock is owned by corporate insiders.

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.