Insider Selling: CBOE Holdings CEO Sells 6,250 Shares of Stock (CBOE)
CBOE Holdings (NASDAQ:CBOE) CEO Edward T. Tilly sold 6,250 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $52.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief executive officer now directly owns 129,328 shares in the company, valued at approximately $6,725,056. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CBOE Holdings (NASDAQ:CBOE) traded down 0.02% on Wednesday, hitting $51.52. The stock had a trading volume of 11,540 shares. CBOE Holdings has a 52-week low of $44.44 and a 52-week high of $59.28. The stock’s 50-day moving average is $49.05 and its 200-day moving average is $51.66. The company has a market cap of $4.390 billion and a price-to-earnings ratio of 25.15.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 1st. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.02. The company had revenue of $143.90 million for the quarter, compared to the consensus estimate of $146.24 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that CBOE Holdings will post $2.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, August 27th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.18.
A number of research firms have recently commented on CBOE. Analysts at Zacks downgraded shares of CBOE Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $46.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of CBOE Holdings in a research note on Monday, August 4th. They now have a $48.00 price target on the stock, down previously from $49.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of CBOE Holdings in a research note on Tuesday, July 8th. They now have a $48.50 price target on the stock, down previously from $49.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.25.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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