Kovitz Investment Group Partners LLC Has $23.61 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

Kovitz Investment Group Partners LLC decreased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 11.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,071 shares of the company’s stock after selling 12,608 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.09% of Cboe Global Markets worth $23,612,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at approximately $31,000. Finally, DV Equities LLC acquired a new position in Cboe Global Markets during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 2.2%

Shares of BATS CBOE opened at $249.10 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18. The firm has a 50 day moving average price of $315.58 and a two-hundred day moving average price of $287.49. The stock has a market cap of $26.42 billion, a P/E ratio of 128.40 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CBOE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Piper Sandler raised their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Loop Capital set a $382.00 target price on Cboe Global Markets in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $322.60.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.