Cboe Global Markets, Inc. $CBOE Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 417,732 shares of the company’s stock after selling 6,698 shares during the period. Hsbc Holdings PLC’s holdings in Cboe Global Markets were worth $94,365,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CBOE. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the first quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets during the 1st quarter valued at $27,000. Greenline Partners LLC bought a new position in Cboe Global Markets during the 4th quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter valued at $29,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after buying an additional 139 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares of the company’s stock, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Trading Up 2.4%

Shares of CBOE opened at $251.93 on Thursday. The business’s 50-day moving average price is $237.89 and its 200 day moving average price is $224.33. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $26.35 billion, a P/E ratio of 34.89, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio (DPR) is 33.76%.

Analysts Set New Price Targets

CBOE has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a research note on Monday, August 4th. Citigroup upped their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Barclays lifted their price objective on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an “outperform” rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $231.38.

About Cboe Global Markets

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.