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

Intech Investment Management LLC boosted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 33.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 89,609 shares of the company’s stock after acquiring an additional 22,447 shares during the period. Intech Investment Management LLC’s holdings in Cboe Global Markets were worth $20,898,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new position in Cboe Global Markets in the first quarter worth approximately $26,000. Missouri Trust & Investment Co acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $26,000. Pandora Wealth Inc. purchased a new stake in shares of Cboe Global Markets during the 1st quarter worth $45,000. Ameritas Advisory Services LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth $46,000. Finally, Spire Wealth Management increased its holdings in Cboe Global Markets by 61.5% in the second quarter. Spire Wealth Management now owns 239 shares of the company’s stock valued at $56,000 after buying an additional 91 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBOE shares. Barclays upped their price objective on Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. UBS Group upped their price target on Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $243.38.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $258.35 on Friday. The business has a 50 day simple moving average of $242.03 and a 200-day simple moving average of $236.65. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $262.98. 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 stock has a market capitalization of $27.04 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.22 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Company 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.