Insider Selling: CBOE Holdings, Inc. (CBOE) Chairman Sells 5,000 Shares of Stock
CBOE Holdings, Inc. (NASDAQ:CBOE) Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $105.52, for a total value of $527,600.00. Following the completion of the sale, the chairman now directly owns 75,611 shares in the company, valued at $7,978,472.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CBOE Holdings, Inc. (NASDAQ:CBOE) traded up 0.61% during midday trading on Wednesday, reaching $105.37. The company’s stock had a trading volume of 1,698,216 shares. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $105.91. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 57.61 and a beta of 0.49. The company has a 50 day moving average price of $98.05 and a 200 day moving average price of $88.30.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) 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 business had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $266.22 million. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. On average, equities research analysts expect that CBOE Holdings, Inc. will post $3.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. CBOE Holdings’s dividend payout ratio (DPR) is 59.67%.
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Several hedge funds have recently bought and sold shares of CBOE. BlackRock Inc. boosted its holdings in shares of CBOE Holdings by 9,849.9% during the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock worth $397,614,000 after purchasing an additional 4,855,309 shares during the last quarter. FMR LLC boosted its holdings in shares of CBOE Holdings by 52.0% during the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after purchasing an additional 3,238,234 shares during the last quarter. General Atlantic LLC acquired a new stake in shares of CBOE Holdings during the first quarter worth $230,006,000. Vanguard Group Inc. boosted its holdings in shares of CBOE Holdings by 23.8% during the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after purchasing an additional 1,886,113 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of CBOE Holdings during the first quarter worth $145,333,000. Institutional investors and hedge funds own 82.49% of the company’s stock.
A number of analysts have recently issued reports on CBOE shares. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Deutsche Bank AG lifted their price target on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Friday, July 14th. Finally, Citigroup Inc. initiated coverage on CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. CBOE Holdings presently has an average rating of “Buy” and an average target price of $80.09.
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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