Allstate Corp Acquires New Stake in Cboe Global Markets, Inc. $CBOE

Allstate Corp acquired a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,764 shares of the company’s stock, valued at approximately $923,000.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Cboe Global Markets during the second quarter worth about $324,234,000. Alliancebernstein L.P. boosted its holdings in Cboe Global Markets by 4.1% in the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. Invesco Ltd. increased its position in Cboe Global Markets by 27.3% during the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock worth $402,990,000 after purchasing an additional 370,223 shares during the period. Man Group plc increased its position in Cboe Global Markets by 106.5% during the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock worth $127,504,000 after purchasing an additional 281,939 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $53,776,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 0.4%

Shares of NASDAQ:CBOE opened at $273.07 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $195.16 and a 52-week high of $276.47. The company has a market capitalization of $28.58 billion, a P/E ratio of 37.82, a P/E/G ratio of 1.75 and a beta of 0.36. The stock’s fifty day simple moving average is $256.68 and its 200-day simple moving average is $246.79. 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 (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 earnings per share. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.72 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s payout ratio is 30.93%.

Analyst Ratings Changes

A number of research firms recently weighed in on CBOE. Piper Sandler lifted their price target on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Loop Capital set a $281.00 price target on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Morgan Stanley increased their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $268.36.

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.