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

Markel Group Inc. increased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 46.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,750 shares of the company’s stock after buying an additional 13,250 shares during the period. Markel Group Inc.’s holdings in Cboe Global Markets were worth $10,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $4,156,000. Andra AP fonden raised its position in shares of Cboe Global Markets by 7.9% in the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after buying an additional 9,100 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after buying an additional 237,887 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Cboe Global Markets by 557.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after purchasing an additional 31,919 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Cboe Global Markets by 12.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the company’s stock valued at $8,632,000 after purchasing an additional 3,915 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 1.5%

Shares of CBOE opened at $357.35 on Friday. Cboe Global Markets, Inc. has a one year low of $218.14 and a one year high of $371.18. The company has a market cap of $37.90 billion, a P/E ratio of 184.20 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $310.32 and a two-hundred day simple moving average of $281.46.

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

Cboe Global Markets Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. This represents a 37.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet P. Froetscher sold 1,223 shares of the company’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 owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CBOE has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Loop Capital set a $382.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. UBS Group boosted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $322.60.

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.