Y Intercept Hong Kong Ltd Trims Holdings in Cboe Global Markets, Inc. $CBOE

Y Intercept Hong Kong Ltd reduced its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 52.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,830 shares of the company’s stock after selling 16,490 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cboe Global Markets were worth $4,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in Cboe Global Markets by 33.5% during the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cboe Global Markets by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 675,969 shares of the company’s stock valued at $165,787,000 after purchasing an additional 14,585 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Cboe Global Markets by 13.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after purchasing an additional 7,012 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in Cboe Global Markets by 33.8% during the third quarter. Banque Cantonale Vaudoise now owns 14,939 shares of the company’s stock worth $3,664,000 after purchasing an additional 3,774 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $248.99 on Monday. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $26.41 billion, a P/E ratio of 128.35 and a beta of 0.61. The firm has a fifty day moving average price of $303.88 and a 200 day moving average price of $287.09.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period in the previous year, the business posted $2.50 earnings per share. Cboe Global Markets’s quarterly revenue was up 29.0% on a year-over-year basis. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Barclays boosted their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. TD Cowen upped their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $310.70.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.