Cboe Global Markets, Inc. $CBOE Shares Purchased by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 102.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 519,048 shares of the company’s stock after acquiring an additional 262,232 shares during the quarter. Cboe Global Markets comprises about 0.8% of Clark Capital Management Group Inc.’s investment portfolio, making the stock its 29th biggest holding. Clark Capital Management Group Inc.’s holdings in Cboe Global Markets were worth $130,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC raised 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 acquiring an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the fourth quarter valued at approximately $33,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the second quarter valued at approximately $31,000. 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 valued at $38,000 after purchasing an additional 76 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CBOE. UBS Group increased their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. 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 research note on Monday, May 4th. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Piper Sandler lifted their price target on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Trading Down 9.4%

BATS:CBOE opened at $265.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $223.54 and a fifty-two week high of $371.18. The stock’s 50-day moving average is $317.34 and its two-hundred day moving average is $287.58. The stock has a market cap of $28.13 billion, a PE ratio of 136.72 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the previous year, the business posted $2.50 EPS. The business’s revenue for the quarter 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 fiscal year.

Cboe Global Markets Dividend Announcement

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

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated 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. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

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.