Markel Group Inc. Acquires 9,500 Shares of Cboe Global Markets, Inc. $CBOE

Markel Group Inc. grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 50.0% in the third quarter, Holdings Channel reports. The firm owned 28,500 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Markel Group Inc.’s holdings in Cboe Global Markets were worth $6,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CBOE. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth $33,000. Dakota Community Bank & Trust NA purchased a new position in shares of Cboe Global Markets in the 3rd quarter worth $42,000. Ameritas Advisory Services LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth $46,000. Finally, Root Financial Partners LLC purchased a new stake in Cboe Global Markets during the third quarter valued at $51,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBOE. Loop Capital set a $281.00 target price on Cboe Global Markets in a research report on Wednesday, January 14th. Barclays lowered their price objective on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. UBS Group boosted their target price on shares of Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Piper Sandler upped their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Trading Down 2.3%

Shares of Cboe Global Markets stock opened at $270.14 on Tuesday. Cboe Global Markets, Inc. has a fifty-two week low of $198.76 and a fifty-two week high of $279.33. 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 company has a market capitalization of $28.27 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a fifty day moving average of $257.63 and a 200 day moving average of $247.74.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $2.22 earnings per share. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

About Cboe Global Markets

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.