Kovitz Investment Group Partners LLC Grows Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Cboe Global Markets by purchasing an additional 1,070 shares, resulting in a total of 107,948 shares valued at approximately $24.4 million.
• Insider activity saw EVP Catherine R. Clay selling 3,598 shares for over $815,000, reducing her holdings by more than 62%.
• Cboe Global Markets announced a dividend increase from $0.63 to $0.72, representing a 1.2% yield and a payout ratio of 29.54%.

Kovitz Investment Group Partners LLC boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,948 shares of the company's stock after purchasing an additional 1,070 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.10% of Cboe Global Markets worth $24,428,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth about $26,000. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Up 1.6%

Shares of CBOE stock traded up $3.92 during mid-day trading on Friday, hitting $247.63. The company's stock had a trading volume of 740,424 shares, compared to its average volume of 874,303. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The business has a 50-day moving average price of $236.28 and a 200 day moving average price of $223.70. 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 stock has a market cap of $25.90 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the previous year, the firm earned $2.15 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's dividend payout ratio is presently 33.76%.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a report on Monday, May 5th. Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $231.38.

Cboe Global Markets Profile

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.