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

Cboe Global Markets, Inc. (BATS:CBOEGet Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors bought 2,822 call options on the company. This represents an increase of 48% compared to the average volume of 1,903 call options.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $4.85 during trading hours on Wednesday, reaching $280.44. 824,186 shares of the company traded hands, compared to its average volume of 970,209. Cboe Global Markets has a 12-month low of $218.14 and a 12-month high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $29.74 billion, a P/E ratio of 144.56 and a beta of 0.61. The firm has a 50-day moving average price of $316.37 and a 200 day moving average price of $285.31.

Cboe Global Markets (BATS:CBOEGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the previous year, the firm earned $2.50 EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its holdings in shares of Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $26,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets during the 1st quarter worth $31,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth $31,000. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several analyst reports. Loop Capital set a $382.00 price target on Cboe Global Markets in a report on Monday, May 4th. Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. UBS Group lifted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Erste Group Bank assumed coverage on Cboe Global Markets in a report on Tuesday, May 12th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $322.60.

Get Our Latest Analysis on CBOE

Cboe Global Markets Company Profile

(Get 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. 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.

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