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

Intech Investment Management LLC decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 26.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,933 shares of the company’s stock after selling 23,676 shares during the period. Intech Investment Management LLC’s holdings in Cboe Global Markets were worth $16,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBOE. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Cboe Global Markets during the 2nd quarter worth approximately $33,000. Physician Wealth Advisors Inc. lifted its position in shares of Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the period. Dakota Community Bank & Trust NA bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $42,000. Finally, Assetmark Inc. boosted its stake in shares of Cboe Global Markets by 195.4% in the 3rd quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $291.27 on Thursday. 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 50-day moving average of $267.49 and a 200-day moving average of $252.92. The company has a market cap of $30.48 billion, a PE ratio of 40.34, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $295.00.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 EPS. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Barclays boosted their price objective on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $279.00.

Insider Transactions at Cboe Global Markets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the transaction, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Company Profile

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.