Clark Capital Management Group Inc. Grows Position in Cboe Global Markets, Inc. $CBOE

Clark Capital Management Group Inc. grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,816 shares of the company’s stock after buying an additional 6,464 shares during the period. Clark Capital Management Group Inc. owned 0.25% of Cboe Global Markets worth $62,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $33,000. Physician Wealth Advisors Inc. lifted its position in Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the period. Ameriflex Group Inc. grew its stake in Cboe Global Markets by 97.4% during the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. Finally, Dakota Community Bank & Trust NA purchased a new stake in Cboe Global Markets during the 3rd quarter valued at about $42,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.1%

Shares of CBOE opened at $289.90 on Friday. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $305.68. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 149.43 and a beta of 0.61. The stock’s 50-day moving average price is $277.70 and its 200-day moving average price is $256.90.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $659.59 million. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s payout ratio is 98.97%.

Analyst Ratings Changes

CBOE has been the subject of several research analyst reports. Argus upgraded Cboe Global Markets to a “hold” rating in a research note on Wednesday. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. UBS Group reiterated a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, Morgan Stanley lifted their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $279.00.

Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. This represents a 37.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the transaction, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 in the last three months. Company insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.