Markel Group Inc. Increases Holdings in Cboe Global Markets, Inc. $CBOE

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

Several other large investors also recently modified their holdings of CBOE. Sound Income Strategies LLC boosted its position in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $31,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $33,000. Finally, DV Equities LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $37,000. Institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CBOE. UBS Group upped their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Finally, TD Cowen upped their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $314.10.

Get Our Latest Stock Analysis on Cboe Global Markets

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded up $0.22 during mid-day 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. The firm has a market capitalization of $28.43 billion, a P/E ratio of 138.18 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $299.74 and its 200 day moving average is $287.22. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18.

Cboe Global Markets (BATS:CBOEGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the firm earned $2.50 earnings per share. The business’s quarterly revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Cboe Global Markets Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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