Markel Group Inc. Boosts Stake in Cboe Global Markets, Inc. $CBOE

Markel Group Inc. raised its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,700 shares of the company’s stock after buying an additional 1,950 shares during the quarter. Markel Group Inc.’s holdings in Cboe Global Markets were worth $12,283,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CBOE. Oregon Public Employees Retirement Fund boosted its position in shares of Cboe Global Markets by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after acquiring an additional 33 shares during the last quarter. Kendall Capital Management raised its stake in Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after purchasing an additional 40 shares in the last quarter. SHUTTLEWORTH & Co lifted its position in Cboe Global Markets by 0.5% during the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after purchasing an additional 41 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after buying an additional 42 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after buying an additional 44 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of analyst reports. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. UBS Group upped their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. TD Cowen raised their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Loop Capital set a $347.00 target price on Cboe Global Markets in a report on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $314.10.

Cboe Global Markets Trading Up 0.1%

BATS CBOE traded up $0.22 during trading on Friday, hitting $268.07. The stock had a trading volume of 812,534 shares, compared to its average volume of 1,140,316. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The stock has a 50 day simple moving average of $299.74 and a 200 day simple moving average of $287.22. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 138.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.