Cboe Global Markets, Inc. (BATS:CBOE) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,478 shares of the company’s stock after purchasing an additional 36,277 shares during the quarter. Hsbc Holdings PLC owned about 0.35% of Cboe Global Markets worth $63,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its position in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $29,000. ORG Partners LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth approximately $42,000. Finally, Riverview Trust Co purchased a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity

In related news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total transaction of $450,222.24. Following the sale, the executive vice president now directly owns 12,681 shares of the company’s stock, valued at approximately $2,386,817.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Cboe Global Markets news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the sale, the executive vice president now owns 12,681 shares in the company, valued at approximately $2,386,817.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 1.8 %

Shares of BATS CBOE opened at $206.81 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $198.86 and its two-hundred day moving average is $185.39. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 106.60 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has approved a stock repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Oppenheimer boosted their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.