Cboe Global Markets, Inc. (BATS:CBOE) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 15.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 109,865 shares of the company’s stock after acquiring an additional 14,770 shares during the quarter. Intech Investment Management LLC owned 0.10% of Cboe Global Markets worth $18,684,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CBOE. FinTrust Capital Advisors LLC grew its stake in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 85 shares during the period. Optiver Holding B.V. acquired a new stake in Cboe Global Markets during the 4th quarter worth $29,000. ORG Partners LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets during the 1st quarter worth $42,000. Finally, Riverview Trust Co acquired a new stake in Cboe Global Markets during the 1st quarter worth $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.8 %

BATS CBOE opened at $206.81 on Friday. The firm has a market cap of $21.93 billion, a PE ratio of 106.60 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The business’s fifty day simple moving average is $198.86 and its 200-day simple moving average is $185.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.63 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a share buyback program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $199.64.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.