Harvest Fund Management Co. Ltd Raises Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Harvest Fund Management Co. Ltd grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 295.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,340 shares of the company’s stock after buying an additional 1,001 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Cboe Global Markets were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CBOE. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter worth approximately $30,000. Friedenthal Financial bought a new position in Cboe Global Markets in the 3rd quarter worth $49,000. Ashton Thomas Private Wealth LLC bought a new stake in Cboe Global Markets during the second quarter valued at about $51,000. GPS Wealth Strategies Group LLC lifted its position in shares of Cboe Global Markets by 59.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Cboe Global Markets in the third quarter worth about $74,000. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 1.5 %

Shares of BATS:CBOE opened at $217.30 on Wednesday. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. 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 has a fifty day moving average of $207.83 and a two-hundred day moving average of $194.27. The stock has a market cap of $23.05 billion, a P/E ratio of 112.01 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.03. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has initiated a stock buyback program on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBOE. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their target price for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. TD Cowen started coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target on the stock. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer boosted their target price on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Piper Sandler increased their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $209.42.

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.