Mackenzie Financial Corp Acquires 25,511 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Posted by Defense World Staff on Jul 13th, 2023

Mackenzie Financial Corp boosted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 54.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,161 shares of the company’s stock after purchasing an additional 25,511 shares during the quarter. Mackenzie Financial Corp’s holdings in Cboe Global Markets were worth $9,687,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Ronald Blue Trust Inc. raised its position in shares of Cboe Global Markets by 109.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 243 shares of the company’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $44,000. Point72 Asset Management L.P. bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $47,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Cboe Global Markets by 146.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 446 shares of the company’s stock worth $56,000 after purchasing an additional 265 shares during the period. Finally, Evermay Wealth Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $78,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, EVP John P. Sexton sold 2,999 shares of Cboe Global Markets stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $138.00, for a total value of $413,862.00. Following the transaction, the executive vice president now owns 16,793 shares in the company, valued at $2,317,434. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Joseph P. Ratterman sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $135.96, for a total transaction of $2,039,400.00. Following the transaction, the director now directly owns 22,615 shares in the company, valued at approximately $3,074,735.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John P. Sexton sold 2,999 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $138.00, for a total value of $413,862.00. Following the completion of the sale, the executive vice president now owns 16,793 shares of the company’s stock, valued at $2,317,434. The disclosure for this sale can be found here. Insiders sold 37,849 shares of company stock worth $5,141,405 in the last three months. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Down 1.0 %

BATS:CBOE opened at $136.20 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a 50-day moving average of $136.22 and a 200 day moving average of $134.67. The firm has a market cap of $14.45 billion, a PE ratio of 70.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings results on Friday, May 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.03. The firm had revenue of $471.40 million during the quarter, compared to analysts’ expectations of $482.03 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 EPS. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, May 30th. Cboe Global Markets’s payout ratio is 98.97%.

Analysts Set New Price Targets

Several research firms have commented on CBOE. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cboe Global Markets from $147.00 to $148.00 in a research note on Monday, May 8th. StockNews.com started coverage on shares of Cboe Global Markets in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays began coverage on Cboe Global Markets in a research report on Wednesday, June 28th. They set an “equal weight” rating and a $146.00 target price for the company. Finally, Oppenheimer increased their price target on Cboe Global Markets from $147.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $143.00.

Cboe Global Markets Profile

(Free Report)

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.