Markel Group Inc. Boosts Stock Position in Cboe Global Markets, Inc. $CBOE

Markel Group Inc. lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the company’s stock after buying an additional 9,500 shares during the period. Markel Group Inc.’s holdings in Cboe Global Markets were worth $6,990,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its position in Cboe Global Markets by 7.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,159 shares of the company’s stock worth $2,741,000 after purchasing an additional 732 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in Cboe Global Markets during the 3rd quarter worth approximately $541,000. EWA LLC purchased a new position in Cboe Global Markets in the 3rd quarter worth approximately $205,000. LBP AM SA boosted its stake in shares of Cboe Global Markets by 17.4% during the third quarter. LBP AM SA now owns 20,694 shares of the company’s stock valued at $5,075,000 after purchasing an additional 3,069 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Cboe Global Markets by 1.1% during the third quarter. CIBC Asset Management Inc now owns 45,124 shares of the company’s stock valued at $11,067,000 after purchasing an additional 490 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

CBOE stock opened at $270.14 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a 50 day moving average price of $257.63 and a 200-day moving average price of $247.74. Cboe Global Markets, Inc. has a 52-week low of $198.76 and a 52-week high of $279.33. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 EPS. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler increased their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.