Cboe Global Markets, Inc. (NASDAQ:CBOE) Stake Lessened by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,073 shares of the company's stock after selling 33,213 shares during the period. Intech Investment Management LLC owned 0.09% of Cboe Global Markets worth $17,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CBOE. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth $31,000. Sugar Maple Asset Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth $36,000. Generali Asset Management SPA SGR purchased a new stake in Cboe Global Markets during the 4th quarter worth $37,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets in the 4th quarter worth $39,000. Finally, Jones Financial Companies Lllp lifted its holdings in Cboe Global Markets by 40.5% in the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after buying an additional 62 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last quarter. 0.22% of the stock is owned by company insiders.

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Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock traded down $4.65 during trading on Friday, reaching $214.77. The company had a trading volume of 1,526,584 shares, compared to its average volume of 807,909. The firm has a market capitalization of $22.49 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The firm's fifty day simple moving average is $207.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $223.51.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business posted $2.06 earnings per share. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.17%. Cboe Global Markets's dividend payout ratio (DPR) is 34.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group lowered shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective on the stock. in a report on Monday, January 6th. Bank of America boosted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Barclays boosted their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. William Blair assumed coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating on the stock. Finally, Jefferies Financial Group cut their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $206.86.

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.