Allstate Corp Has $2.02 Million Position in Cboe Global Markets, Inc. $CBOE

Allstate Corp grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 113.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,034 shares of the company’s stock after acquiring an additional 4,270 shares during the quarter. Allstate Corp’s holdings in Cboe Global Markets were worth $2,017,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kendall Capital Management grew its stake in shares of Cboe Global Markets by 0.5% in the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after buying an additional 40 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of Cboe Global Markets by 4.1% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after buying an additional 42 shares during the period. Norinchukin Bank The grew its stake in shares of Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after buying an additional 42 shares during the period. Aprio Wealth Management LLC grew its stake in shares of Cboe Global Markets by 3.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock valued at $351,000 after buying an additional 43 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after buying an additional 44 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen raised their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Erste Group Bank assumed coverage on Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating for the company. Barclays raised their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group raised their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Price Performance

CBOE stock opened at $344.24 on Friday. The company has a market capitalization of $36.51 billion, a P/E ratio of 177.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52-week low of $218.14 and a 52-week high of $371.18. The business has a 50-day simple moving average of $315.10 and a two-hundred day simple moving average of $284.49.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 EPS. Research analysts expect 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 will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. Cboe Global Markets’s payout ratio is 98.97%.

About Cboe Global Markets

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.