Hsbc Holdings PLC Lowers Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Hsbc Holdings PLC has reduced its stake in Cboe Global Markets by 1.6%, now owning 417,732 shares valued at approximately $94.37 million.
• Multiple institutional investors are actively adjusting their positions in Cboe, with T. Rowe Price and Invesco making notable increases in their holdings during the last quarter.
• Cboe Global Markets recently increased its quarterly dividend from $0.63 to $0.72 per share, representing a 1.1% dividend yield for shareholders.

Hsbc Holdings PLC reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,732 shares of the company's stock after selling 6,698 shares during the period. Hsbc Holdings PLC owned about 0.40% of Cboe Global Markets worth $94,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Andina Capital Management LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $524,000. Aviso Financial Inc. raised its stake in shares of Cboe Global Markets by 13.1% during the 1st quarter. Aviso Financial Inc. now owns 2,593 shares of the company's stock worth $587,000 after buying an additional 300 shares during the last quarter. Northern Trust Corp boosted its position in shares of Cboe Global Markets by 6.1% in the 1st quarter. Northern Trust Corp now owns 1,319,236 shares of the company's stock worth $298,530,000 after buying an additional 76,346 shares in the last quarter. Brooklyn Investment Group grew its stake in Cboe Global Markets by 148.2% in the 1st quarter. Brooklyn Investment Group now owns 829 shares of the company's stock valued at $188,000 after acquiring an additional 495 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in Cboe Global Markets by 29.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 99,513 shares of the company's stock valued at $22,518,000 after acquiring an additional 22,706 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CBOE shares. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Piper Sandler upped their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Trading Down 1.1%

Shares of Cboe Global Markets stock traded down $2.82 during trading hours on Friday, reaching $246.43. 706,157 shares of the company's stock were exchanged, compared to its average volume of 874,743. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The company has a fifty day moving average of $238.77 and a 200-day moving average of $224.98. 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 firm has a market capitalization of $25.77 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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 return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the company earned $2.15 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is currently 33.76%.

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.