Harmony Asset Management LLC Takes Position in Cboe Global Markets, Inc. $CBOE

Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 74,070 shares of the company’s stock, valued at approximately $20,819,000. Cboe Global Markets makes up 6.4% of Harmony Asset Management LLC’s portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $26,000. NFSG Corp acquired a new stake in shares of Cboe Global Markets during the first quarter valued at about $31,000. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the second quarter worth about $31,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth about $33,000. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were 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 in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $277.11 on Thursday. The company has a market capitalization of $29.39 billion, a PE ratio of 142.84 and a beta of 0.61. The company has a 50 day simple moving average of $296.52 and a two-hundred day simple moving average of $287.91. 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, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the company earned $2.50 EPS. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Loop Capital set a $347.00 target price on shares of Cboe Global Markets in a report on Thursday, July 9th. Piper Sandler decreased their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $314.00.

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.