Cboe Global Markets, Inc. $CBOE Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,360 shares of the company’s stock after selling 20,573 shares during the quarter. Intech Investment Management LLC’s holdings in Cboe Global Markets were worth $11,385,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Caprock Group LLC acquired a new position in shares of Cboe Global Markets in the third quarter worth $4,156,000. Andra AP fonden grew its position in Cboe Global Markets by 7.9% during the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after acquiring an additional 9,100 shares during the period. Nordea Investment Management AB grew its position in Cboe Global Markets by 33.5% during 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. Mirae Asset Global Investments Co. Ltd. grew its position in Cboe Global Markets by 12.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the company’s stock valued at $8,632,000 after acquiring an additional 3,915 shares during the period. Finally, AlphaQuest LLC grew its position in Cboe Global Markets by 503.5% during the third quarter. AlphaQuest LLC now owns 12,927 shares of the company’s stock valued at $3,170,000 after acquiring an additional 10,785 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBOE has been the subject of several analyst reports. Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Morgan Stanley upped their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Loop Capital set a $382.00 target price on Cboe Global Markets in a report on Monday, May 4th. Finally, Piper Sandler upped their target price on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $322.60.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on 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 owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $333.56 on Friday. The stock has a fifty day moving average price of $316.03 and a two-hundred day moving average price of $284.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $35.38 billion, a P/E ratio of 171.94 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

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. 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.