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

Harvest Fund Management Co. Ltd cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 878 shares of the company’s stock after selling 1,060 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Cboe Global Markets were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after purchasing an additional 289,048 shares during the last quarter. Morgan Stanley increased its position in shares of Cboe Global Markets by 24.5% in the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after purchasing an additional 342,505 shares during the last quarter. Northern Trust Corp lifted its position in Cboe Global Markets by 6.0% in the third quarter. Northern Trust Corp now owns 1,223,219 shares of the company’s stock valued at $191,079,000 after acquiring an additional 68,760 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Cboe Global Markets by 7.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock valued at $177,127,000 after acquiring an additional 78,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Cboe Global Markets by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 830,962 shares of the company’s stock valued at $129,805,000 after acquiring an additional 6,076 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $179.39 on Thursday. The firm has a market cap of $19.03 billion, a P/E ratio of 92.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The firm has a fifty day moving average of $184.01 and a two-hundred day moving average of $178.78.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million during the quarter, compared to analyst estimates of $510.65 million. During the same period in the previous year, the business posted $1.80 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Morgan Stanley restated an “equal weight” rating and issued a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Rosenblatt Securities boosted their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Barclays boosted their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Citigroup boosted their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.18.

Insider Activity

In other news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the transaction, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.