Mackenzie Financial Corp Acquires 14,875 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Mackenzie Financial Corp increased its holdings in Cboe Global Markets by 6.0%, acquiring 14,875 shares to own approximately 263,822 shares valued at $59.7 million.
• Insider transactions show EVP Catherine R. Clay sold 3,598 shares, marking a significant decrease of 62.24% in her ownership.
• Analysts have varying opinions on Cboe Global Markets, with a consensus rating of "Hold" and a target price of $222.58, while stock recently traded at $241.54.

Mackenzie Financial Corp grew its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,822 shares of the company's stock after buying an additional 14,875 shares during the quarter. Mackenzie Financial Corp owned approximately 0.25% of Cboe Global Markets worth $59,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC grew its stake in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares during the last quarter. LPL Financial LLC grew its stake in Cboe Global Markets by 35.6% during the fourth quarter. LPL Financial LLC now owns 100,593 shares of the company's stock worth $19,656,000 after buying an additional 26,392 shares during the last quarter. Korea Investment CORP grew its stake in Cboe Global Markets by 10.1% during the fourth quarter. Korea Investment CORP now owns 55,750 shares of the company's stock worth $10,894,000 after buying an additional 5,110 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Cboe Global Markets by 8.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 71,505 shares of the company's stock worth $13,972,000 after buying an additional 5,368 shares during the last quarter. Finally, Allstate Corp bought a new stake in Cboe Global Markets during the fourth quarter worth about $596,000. 82.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on CBOE shares. Oppenheimer upped their price objective on shares of Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Bank of America reaffirmed a "neutral" rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a research note on Monday, May 5th. Citigroup raised their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Finally, Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $222.58.

Cboe Global Markets Trading Down 2.0%

Shares of NASDAQ CBOE opened at $241.54 on Tuesday. The company's 50 day simple moving average is $230.84 and its 200 day simple moving average is $218.93. Cboe Global Markets, Inc. has a fifty-two week low of $181.32 and a fifty-two week high of $248.79. The firm has a market capitalization of $25.29 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data 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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the company earned $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.04%. Cboe Global Markets's dividend payout ratio is currently 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.

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