Intech Investment Management LLC Trims Stock Position in Cboe Global Markets, Inc. $CBOE

Intech Investment Management LLC decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 25.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,162 shares of the company’s stock after selling 22,911 shares during the quarter. Intech Investment Management LLC owned 0.06% of Cboe Global Markets worth $15,198,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new position in Cboe Global Markets in the first quarter worth approximately $265,000. Capital Investment Advisory Services LLC bought a new position in Cboe Global Markets in the 1st quarter worth $277,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company’s stock worth $6,689,000 after purchasing an additional 7,146 shares during the period. GAM Holding AG purchased a new position in Cboe Global Markets during the first quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas purchased a new position in Cboe Global Markets during the first quarter valued at $3,463,000. 82.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBOE. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. UBS Group restated a “neutral” rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Barclays lifted their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $231.38.

Cboe Global Markets Trading Down 0.8%

CBOE stock opened at $232.43 on Wednesday. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.75 and a beta of 0.46. The business has a 50 day simple moving average of $240.68 and a two-hundred day simple moving average of $227.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company earned $2.15 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio is presently 33.76%.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.