Cboe Global Markets, Inc. $CBOE Stake Boosted by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 102.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 519,048 shares of the company’s stock after purchasing an additional 262,232 shares during the quarter. Cboe Global Markets accounts for about 0.8% of Clark Capital Management Group Inc.’s investment portfolio, making the stock its 29th largest holding. Clark Capital Management Group Inc. owned about 0.50% of Cboe Global Markets worth $130,281,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Cboe Global Markets by 102.2% during 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. bought a new position in Cboe Global Markets during the fourth quarter worth $26,000. Headlands Technologies LLC bought a new position in Cboe Global Markets during the second quarter worth $31,000. Elyxium Wealth LLC bought a new position in Cboe Global Markets during the fourth quarter worth $33,000. Finally, Ameriflex Group Inc. lifted its stake 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 last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CBOE. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Argus upgraded Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Barclays raised their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Morgan Stanley raised their target price on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Performance

CBOE stock opened at $265.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 136.72 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $223.54 and a 1 year high of $371.18. The stock’s fifty day moving average is $317.34 and its two-hundred day moving average is $287.58.

Cboe Global Markets (BATS:CBOE) last issued 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. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

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

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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. 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.