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

Key Points

• Intech Investment Management LLC has reduced its stock position in Cboe Global Markets by 25.4%, now holding 67,162 shares worth approximately $15.2 million.
• Cboe Global Markets has recently increased its quarterly dividend from $0.63 to $0.72, providing a yield of 1.2%.
• Brokerages have set a consensus target price of $231.38 for Cboe, with a majority rating it as "Hold" amidst various price target adjustments.

Intech Investment Management LLC decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,162 shares of the company's stock after selling 22,911 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Cboe Global Markets worth $15,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ransom Advisory Ltd purchased a new stake in shares of Cboe Global Markets in the first quarter worth about $97,000. Advisory Alpha LLC purchased a new stake in shares of Cboe Global Markets in the first quarter worth about $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock worth $241,580,000 after buying an additional 854,325 shares during the period. Optimize Financial Inc boosted its position in shares of Cboe Global Markets by 10.6% in the first quarter. Optimize Financial Inc now owns 1,749 shares of the company's stock worth $396,000 after buying an additional 168 shares during the period. Finally, Woodline Partners LP boosted its position in shares of Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company's stock worth $2,002,000 after buying an additional 2,558 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Down 0.8%

NASDAQ CBOE traded down $1.84 on Friday, hitting $234.53. 601,359 shares of the stock traded hands, compared to its average volume of 874,287. The stock has a 50-day moving average of $240.92 and a 200 day moving average of $227.91. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The company has a market capitalization of $24.53 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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 return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the company earned $2.15 EPS. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Piper Sandler boosted their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $231.38.

About Cboe Global Markets

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.