CBOE Holdings, Inc. (CBOE) Director Frank E. Jr. English Sells 700 Shares of Stock
CBOE Holdings, Inc. (NASDAQ:CBOE) Director Frank E. Jr. English sold 700 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.59, for a total transaction of $69,713.00. Following the sale, the director now directly owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CBOE Holdings, Inc. (CBOE) opened at 100.34 on Wednesday. The firm’s 50-day moving average is $94.99 and its 200 day moving average is $86.38. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $100.38. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 54.86 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts expect that CBOE Holdings, Inc. will post $3.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.27 dividend. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio is presently 55.25%.
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CBOE has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada set a $90.00 price objective on shares of CBOE Holdings and gave the company an “outperform” rating in a report on Friday, May 12th. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG upped their price objective on shares of CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, July 4th. Finally, Citigroup Inc. initiated coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $76.97.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after buying an additional 4,855,309 shares during the last quarter. FMR LLC raised its position in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares in the last quarter. General Atlantic LLC bought a new position in shares of CBOE Holdings during the first quarter worth approximately $230,006,000. Vanguard Group Inc. raised its position in shares of CBOE Holdings by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after buying an additional 1,886,113 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of CBOE Holdings during the first quarter worth approximately $145,333,000. 82.48% of the stock is currently owned by institutional investors.
CBOE Holdings Company Profile
CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis, and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).
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