Marietta Wealth Management LLC Makes New $3.22 Million Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its holdings in shares of Cboe Global Markets by 208.4% in the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after purchasing an additional 5,193,339 shares during the period. Norges Bank acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $269,524,000. GAMMA Investing LLC grew its stake in shares of Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cboe Global Markets during the 4th quarter valued at approximately $59,206,000. Finally, First Trust Advisors LP grew its position in shares of Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after buying an additional 263,585 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CBOE. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price objective for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Loop Capital set a $227.00 target price on Cboe Global Markets in a research note on Monday, May 5th. Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. UBS Group upped their price target on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and an average price target of $219.64.

Insider Activity at Cboe Global Markets

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

Cboe Global Markets Stock Down 0.4%

NASDAQ CBOE traded down $0.85 on Tuesday, reaching $229.27. The stock had a trading volume of 590,425 shares, compared to its average volume of 876,938. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 1.75 and a beta of 0.43. The business has a 50 day moving average price of $223.54 and a 200 day moving average price of $212.09. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1 year low of $166.88 and a 1 year high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio is 33.03%.

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.