Hsbc Holdings PLC Raises Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Hsbc Holdings PLC increased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 424,430 shares of the company's stock after purchasing an additional 100,672 shares during the quarter. Hsbc Holdings PLC owned approximately 0.41% of Cboe Global Markets worth $82,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC bought a new stake in Cboe Global Markets during the 4th quarter worth approximately $36,000. Generali Asset Management SPA SGR purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $39,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. Barclays raised their price target on Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. Jefferies Financial Group dropped their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. William Blair started coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating on the stock. Finally, The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $218.80.

Cboe Global Markets Trading Up 0.4 %

Shares of CBOE stock traded up $0.91 on Friday, reaching $213.59. 640,090 shares of the company's stock were exchanged, compared to its average volume of 882,051. The business has a fifty day moving average of $214.23. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $234.37. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.36 billion, a PE ratio of 29.58, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). 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 $2.06 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company's stock.

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.