Cboe Global Markets (NASDAQ:CBOE) Hits New 1-Year High After Dividend Announcement

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) shares hit a new 52-week high on Wednesday after the company announced a dividend. The stock traded as high as $235.61 and last traded at $234.56, with a volume of 39505 shares changing hands. The stock had previously closed at $233.32.

The newly announced dividend which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CBOE. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday. Keefe, Bruyette & Woods dropped their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating on the stock. Oppenheimer raised their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Bank of America restated a "neutral" rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $223.36.

Cboe Global Markets Stock Performance

The company has a market capitalization of $24.26 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a fifty day moving average of $217.40.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the previous year, the business earned $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 in the last ninety days. Company insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of CBOE. Alliancebernstein L.P. raised its position in shares of Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after buying an additional 5,193,339 shares in the last quarter. Norges Bank acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $269,524,000. GAMMA Investing LLC raised its holdings in Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cboe Global Markets in the fourth quarter worth approximately $59,206,000. Finally, Perpetual Ltd bought a new position in Cboe Global Markets during the 1st quarter valued at $66,981,000. Institutional investors and hedge funds own 82.67% of the company's stock.

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.