Kovitz Investment Group Partners LLC Raises Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kovitz Investment Group Partners LLC lifted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 48.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 106,878 shares of the company's stock after acquiring an additional 34,746 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.10% of Cboe Global Markets worth $20,884,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC grew its holdings in shares of Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock worth $3,035,000 after purchasing an additional 48 shares during the last quarter. Summit Financial LLC raised its stake in Cboe Global Markets by 0.4% during the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company's stock valued at $2,131,000 after buying an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company's stock valued at $893,000 after purchasing an additional 50 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Cboe Global Markets by 1.6% during the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company's stock valued at $611,000 after buying an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of Cboe Global Markets by 5.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company's stock worth $234,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

CBOE has been the topic of several analyst reports. The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a research report on Monday, January 6th. Barclays lifted their target price on Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. William Blair started coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating for the company. Keefe, Bruyette & Woods cut their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. Finally, Bank of America restated a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of "Hold" and an average target price of $218.80.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE traded down $0.63 during midday trading on Thursday, reaching $221.17. 418,596 shares of the stock were exchanged, compared to its average volume of 874,591. The firm has a 50-day simple moving average of $214.65. The stock has a market cap of $23.16 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the company earned $2.06 EPS. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is currently 34.90%.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.