Mackenzie Financial Corp Has $71.53 Million Stake in Cboe Global Markets, Inc. $CBOE

Mackenzie Financial Corp increased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,651 shares of the company’s stock after buying an additional 1,960 shares during the period. Mackenzie Financial Corp’s holdings in Cboe Global Markets were worth $71,527,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CBOE. Physician Wealth Advisors Inc. boosted its stake in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $33,000. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. Ameriflex Group Inc. lifted its stake in shares of Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, Dakota Community Bank & Trust NA bought a new position in shares of Cboe Global Markets in the 3rd quarter worth $42,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $284.00 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12-month low of $200.88 and a 12-month high of $305.68. The firm has a fifty day moving average of $276.08 and a 200-day moving average of $256.30. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 EPS. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets’s dividend payout ratio is 27.64%.

Insider Transactions at Cboe Global Markets

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director owned 4,761 shares in the company, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,695 shares of company stock valued at $1,628,981 over the last 90 days. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Morgan Stanley increased their target price on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Loop Capital set a $317.00 target price on Cboe Global Markets in a report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Barclays increased their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.