Marietta Wealth Management LLC Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Marietta Wealth Management LLC purchased a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,208 shares of the company's stock, valued at approximately $3,215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAM Holding AG acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth $1,541,000. Covea Finance increased its holdings in shares of Cboe Global Markets by 22.9% during the 1st quarter. Covea Finance now owns 53,200 shares of the company's stock worth $12,039,000 after buying an additional 9,900 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Cboe Global Markets by 20.2% during the 1st quarter. Blue Trust Inc. now owns 1,154 shares of the company's stock worth $261,000 after buying an additional 194 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth $217,000. Finally, Boston Trust Walden Corp increased its holdings in shares of Cboe Global Markets by 3.5% during the 1st quarter. Boston Trust Walden Corp now owns 330,059 shares of the company's stock worth $74,689,000 after buying an additional 11,137 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on CBOE shares. Wall Street Zen upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Morgan Stanley downgraded Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price target for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Piper Sandler increased their price target on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, May 5th. UBS Group increased their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Stock Down 0.8%

Shares of CBOE stock traded down $1.75 during trading hours on Friday, hitting $225.85. 968,988 shares of the company were exchanged, compared to its average volume of 880,094. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a one year low of $166.88 and a one year high of $236.02. The business's 50-day simple moving average is $223.28 and its two-hundred day simple moving average is $211.91. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the business earned $2.15 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president now owns 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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.