Markel Group Inc. Invests $1.36 Million in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Markel Group Inc. acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the company's stock, valued at approximately $1,358,000.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $27,000. Hughes Financial Services LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Greenline Partners LLC acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $29,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $29,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 0.3%

NASDAQ CBOE traded up $0.61 on Friday, hitting $238.45. 2,122,917 shares of the company were exchanged, compared to its average volume of 863,414. The company's 50 day moving average price is $228.21 and its 200-day moving average price is $216.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market capitalization of $24.97 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a twelve month low of $181.32 and a twelve month high of $239.67.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released 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%. During the same quarter in the previous year, the firm posted $2.15 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. Cboe Global Markets's payout ratio is 33.03%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of Cboe Global Markets from $245.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Citigroup raised their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Barclays decreased their target price on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Bank of America restated a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $222.58.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company'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 transaction of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.22% of the company's stock.

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.