Harel Insurance Investments & Financial Services Ltd. Grows Stock Holdings in Cboe Global Markets, Inc. $CBOE

Harel Insurance Investments & Financial Services Ltd. boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 13.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 24,068 shares of the company’s stock after purchasing an additional 2,812 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Cboe Global Markets were worth $6,763,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB increased its position in shares of Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after acquiring an additional 237,887 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cboe Global Markets by 13.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock worth $14,686,000 after purchasing an additional 7,012 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of 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 during the period. Park Avenue Securities LLC grew its stake in shares of Cboe Global Markets by 37.9% in the fourth quarter. Park Avenue Securities LLC now owns 12,993 shares of the company’s stock worth $3,261,000 after purchasing an additional 3,574 shares during the last quarter. Finally, Brindle & Bay Financial Advisors LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $735,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CBOE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. TD Cowen upped their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, UBS Group raised their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $314.00.

Cboe Global Markets Stock Up 0.8%

CBOE stock opened at $277.11 on Thursday. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The business’s 50 day moving average price is $296.52 and its two-hundred day moving average price is $287.91. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 142.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

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

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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. 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.