Mizuho Securities USA LLC Sells 1,540 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Mizuho Securities USA LLC reduced its stake in Cboe Global Markets by 15.5%, selling 1,540 shares to bring its total ownership down to 8,382 shares, valued at approximately $1.89 million.
• Cboe Global Markets reported $2.46 earnings per share for the last quarter, which surpassed analysts' expectations of $2.43 and indicated a year-on-year revenue increase of 14.3%.
• An analysis of recent ratings showed that three analysts rated the stock as a sell, while ten maintain a hold rating and two have a buy rating, with a consensus price target of $231.38.

Mizuho Securities USA LLC trimmed its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,382 shares of the company's stock after selling 1,540 shares during the quarter. Mizuho Securities USA LLC's holdings in Cboe Global Markets were worth $1,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after purchasing an additional 126,721 shares during the period. Northern Trust Corp increased its position in Cboe Global Markets by 9.2% in the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock worth $242,861,000 after purchasing an additional 104,257 shares during the period. GAMMA Investing LLC increased its position in Cboe Global Markets by 29,094.5% in 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 during the period. Two Sigma Advisers LP increased its position in Cboe Global Markets by 11.3% in the fourth quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock worth $138,656,000 after purchasing an additional 72,200 shares during the period. Finally, Deutsche Bank AG increased its position in Cboe Global Markets by 11.6% in the first quarter. Deutsche Bank AG now owns 678,851 shares of the company's stock worth $153,617,000 after purchasing an additional 70,309 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on CBOE shares. Keefe, Bruyette & Woods upped their price target 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup lifted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler lifted their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $231.38.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction on Friday, May 23rd. The stock was 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 approximately $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

CBOE stock traded up $3.92 during trading hours on Friday, hitting $247.63. 740,424 shares of the stock were exchanged, compared to its average volume of 874,303. 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 $25.90 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a 50-day simple moving average of $236.28 and a two-hundred day simple moving average of $223.44. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. 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 29.54%.

Cboe Global Markets 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.