Investors Buy High Volume of Cboe Global Markets Call Options (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE) saw some unusual options trading on Wednesday. Investors purchased 2,822 call options on the stock. This is an increase of 48% compared to the average volume of 1,903 call options.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CBOE. Vanguard Group Inc. boosted its position in Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after purchasing an additional 120,021 shares in the last quarter. State Street Corp boosted its position in Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after purchasing an additional 101,349 shares in the last quarter. Geode Capital Management LLC boosted its position in Cboe Global Markets by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after purchasing an additional 65,108 shares in the last quarter. Morgan Stanley boosted its position in Cboe Global Markets by 6.1% during the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after purchasing an additional 155,333 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Cboe Global Markets by 5.8% during the fourth quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock worth $484,749,000 after purchasing an additional 105,168 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $4.85 during mid-day trading on Wednesday, reaching $280.44. The stock had a trading volume of 824,186 shares, compared to its average volume of 970,209. The business’s fifty day moving average is $316.37 and its 200-day moving average is $285.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $29.74 billion, a price-to-earnings ratio of 144.56 and a beta of 0.61. Cboe Global Markets has a 1-year low of $218.14 and a 1-year high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to analyst estimates 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 revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.50 earnings per share. On average, research analysts forecast that Cboe Global Markets will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent analyst reports. UBS Group upped their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Loop Capital set a $382.00 target price on Cboe Global Markets in a research report on Monday, May 4th. Morgan Stanley upped their target price on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Finally, Barclays upped their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Company Profile

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.