Mackenzie Financial Corp Purchases 1,960 Shares of Cboe Global Markets, Inc. $CBOE

Mackenzie Financial Corp increased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,651 shares of the company’s stock after purchasing an additional 1,960 shares during the quarter. Mackenzie Financial Corp owned approximately 0.28% of Cboe Global Markets worth $71,527,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Cboe Global Markets by 66.5% in the third quarter. Franklin Resources Inc. now owns 18,707 shares of the company’s stock valued at $4,588,000 after buying an additional 7,470 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Cboe Global Markets by 2.0% during the third quarter. Van ECK Associates Corp now owns 17,884 shares of the company’s stock worth $4,386,000 after buying an additional 347 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Cboe Global Markets by 33.8% during the third quarter. Banque Cantonale Vaudoise now owns 14,939 shares of the company’s stock worth $3,664,000 after buying an additional 3,774 shares in the last quarter. Vestcor Inc raised its stake in shares of Cboe Global Markets by 18.1% in the third quarter. Vestcor Inc now owns 20,873 shares of the company’s stock valued at $5,119,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in shares of Cboe Global Markets in the third quarter valued at approximately $4,534,000. 82.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CBOE shares. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. UBS Group reissued a “neutral” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Loop Capital set a $317.00 target price on Cboe Global Markets in a report on Monday, February 9th. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Price Performance

CBOE opened at $284.00 on Thursday. 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 stock has a market capitalization of $29.73 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33. The company’s 50 day simple moving average is $276.08 and its 200-day simple moving average is $256.30. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.10 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is presently 27.64%.

Insider Transactions at Cboe Global Markets

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 over the last 90 days. 0.22% of the stock is owned by insiders.

About Cboe Global Markets

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.