Intech Investment Management LLC Has $11.39 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

Intech Investment Management LLC cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 31.2% during the fourth quarter, HoldingsChannel reports. 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 SEC filing.

A number of other hedge funds have also modified their holdings of the stock. First Trust Advisors LP increased its position in Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after purchasing an additional 635,199 shares during the last quarter. Marshall Wace LLP acquired a new stake in Cboe Global Markets during the third quarter worth about $107,052,000. Finally, Credit Agricole S A acquired a new stake in Cboe Global Markets during the third quarter worth about $70,475,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $333.56 on Friday. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18. The firm has a 50 day moving average of $316.03 and a 200-day moving average of $284.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $35.38 billion, a P/E ratio of 171.94 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Investors of record on Friday, May 29th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CBOE. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Keefe, Bruyette & Woods upped their price objective 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. Barclays upped their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. 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’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $322.60.

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.