Markel Group Inc. Has $4.43 Million Stake in Cboe Global Markets, Inc. $CBOE

Markel Group Inc. lifted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 216.7% in the second quarter, HoldingsChannel.com reports. The firm owned 19,000 shares of the company’s stock after acquiring an additional 13,000 shares during the period. Markel Group Inc.’s holdings in Cboe Global Markets were worth $4,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CBOE. Brighton Jones LLC raised its stake in shares of Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after purchasing an additional 100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cboe Global Markets by 15.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,826 shares of the company’s stock valued at $6,196,000 after purchasing an additional 3,646 shares in the last quarter. Amalgamated Bank raised its stake in shares of Cboe Global Markets by 0.4% in the first quarter. Amalgamated Bank now owns 21,542 shares of the company’s stock valued at $4,875,000 after purchasing an additional 79 shares in the last quarter. Mather Group LLC. raised its stake in shares of Cboe Global Markets by 34.2% in the first quarter. Mather Group LLC. now owns 734 shares of the company’s stock valued at $166,000 after purchasing an additional 187 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Cboe Global Markets by 156.0% in the first quarter. Vontobel Holding Ltd. now owns 7,328 shares of the company’s stock valued at $1,658,000 after purchasing an additional 4,465 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Piper Sandler set a $270.00 price objective on Cboe Global Markets and gave the company an “overweight” rating in a report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a report on Monday, August 4th. Finally, UBS Group reissued a “neutral” rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $235.46.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $238.53 on Wednesday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The firm has a market cap of $24.95 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The business has a fifty day moving average of $238.97 and a 200-day moving average of $233.48.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $2.15 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is 33.76%.

Cboe Global Markets 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.