Markel Group Inc. Has $10.48 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Markel Group Inc. lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,750 shares of the company’s stock after acquiring an additional 13,250 shares during the quarter. Markel Group Inc.’s holdings in Cboe Global Markets were worth $10,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CBOE. Sound Income Strategies LLC increased its position in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. Headlands Technologies LLC bought a new position in Cboe Global Markets during the second quarter worth about $31,000. Physician Wealth Advisors Inc. grew its holdings in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the period. Elyxium Wealth LLC bought a new position in Cboe Global Markets during the fourth quarter worth about $33,000. Finally, Ameriflex Group Inc. grew its holdings in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’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 transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. This represents a 37.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of research analyst reports. Loop Capital set a $382.00 price target on Cboe Global Markets in a report on Monday, May 4th. Erste Group Bank initiated coverage on Cboe Global Markets in a report on Tuesday, May 12th. They set a “buy” rating for the company. UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Cowen lifted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Up 1.5%

Shares of BATS:CBOE opened at $357.35 on Friday. Cboe Global Markets, Inc. has a 12-month low of $218.14 and a 12-month high of $371.18. The stock has a market cap of $37.90 billion, a PE ratio of 184.20 and a beta of 0.61. The business has a 50 day moving average of $310.32 and a 200-day moving average of $281.46. 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, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. The business’s revenue was up 29.0% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets 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.