Intech Investment Management LLC Sells 23,676 Shares of Cboe Global Markets, Inc. $CBOE

Intech Investment Management LLC cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,933 shares of the company’s stock after selling 23,676 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Cboe Global Markets worth $16,170,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp raised its holdings in Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after acquiring an additional 3,987 shares during the period. Empowered Funds LLC lifted its holdings in Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP lifted its holdings in Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after purchasing an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after acquiring an additional 198 shares during the period. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CBOE. Piper Sandler raised their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley increased their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Barclays upped their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Trading Down 0.6%

CBOE opened at $291.27 on Thursday. The company has a market cap of $30.48 billion, a P/E ratio of 40.34, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $267.49 and its 200-day moving average is $252.92. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $295.00.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. 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 business posted $2.10 earnings per share. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Insider Transactions at Cboe Global Markets

In related news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director owned 4,761 shares in the company, valued at $1,358,598.96. The trade was a 23.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,695 shares of company stock worth $1,628,981. Corporate insiders own 0.22% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.