Stock Traders Purchase Large Volume of Put Options on Cboe Global Markets (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE) saw unusually large options trading activity on Monday. Stock investors purchased 3,756 put options on the stock. This represents an increase of approximately 157% compared to the average daily volume of 1,461 put options.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. The disclosure for this sale can be found here. Insiders sold a total of 16,565 shares of company stock worth $3,063,663 in the last quarter. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC lifted its holdings in shares of Cboe Global Markets by 170.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. purchased a new stake in Cboe Global Markets in the fourth quarter worth about $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at about $42,000. Finally, Riverview Trust Co bought a new position in shares of Cboe Global Markets during the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Rosenblatt Securities lifted their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Barclays upped their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Trading Down 0.1 %

Shares of CBOE traded down $0.17 during mid-day trading on Monday, hitting $209.62. 889,773 shares of the company’s stock traded hands, compared to its average volume of 636,231. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $22.23 billion, a P/E ratio of 108.05 and a beta of 0.61. The business’s 50-day moving average price is $184.45 and its 200-day moving average price is $182.72. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. As a group, sell-side analysts forecast that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. Cboe Global Markets’s payout ratio is currently 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.