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

Harvest Fund Management Co. Ltd grew its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 295.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,340 shares of the company’s stock after acquiring 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.

Several other hedge funds have also modified their holdings of CBOE. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $30,000. Friedenthal Financial purchased a new stake in shares of Cboe Global Markets in the third quarter valued at $49,000. Ashton Thomas Private Wealth LLC acquired a new stake in Cboe Global Markets during the second quarter worth approximately $51,000. GPS Wealth Strategies Group LLC increased its stake in shares of Cboe Global Markets by 59.1% during the 2nd 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 during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Cboe Global Markets in the 3rd quarter worth $74,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 1.5 %

BATS:CBOE opened at $217.30 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $23.05 billion, a PE ratio of 112.01 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The firm’s 50 day moving average is $207.83 and its 200 day moving average is $194.27.

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

Cboe Global Markets announced that its Board of Directors has approved a share buyback plan on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. This represents 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 at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBOE shares. Barclays dropped their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the stock from $212.00 to $222.00 in a report on Monday, November 11th. Oppenheimer lifted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets 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.