Insider Selling: CBOE Holdings, Inc. (CBOE) Director Sells 1,520 Shares of Stock
CBOE Holdings, Inc. (NASDAQ:CBOE) Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the sale, the director now directly owns 14,241 shares of the company’s stock, valued at $1,383,370.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CBOE Holdings, Inc. (NASDAQ:CBOE) traded up 0.30% on Wednesday, reaching $97.83. 667,439 shares of the company’s stock were exchanged. The company has a market cap of $11.03 billion, a PE ratio of 53.49 and a beta of 0.49. The firm’s 50 day moving average price is $93.81 and its 200 day moving average price is $85.44. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $98.55.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. CBOE Holdings’s revenue was up 85.2% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, analysts expect that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is currently 55.25%.
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A number of hedge funds have recently added to or reduced their stakes in CBOE. State of New Jersey Common Pension Fund D bought a new stake in shares of CBOE Holdings during the first quarter worth approximately $1,540,000. Nikko Asset Management Americas Inc. raised its stake in shares of CBOE Holdings by 65.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 5,300 shares of the financial services provider’s stock worth $430,000 after buying an additional 2,100 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of CBOE Holdings during the first quarter worth approximately $326,000. ProShare Advisors LLC raised its stake in shares of CBOE Holdings by 12.4% in the first quarter. ProShare Advisors LLC now owns 21,004 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,321 shares in the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of CBOE Holdings during the first quarter worth approximately $514,000. Institutional investors and hedge funds own 79.66% of the company’s stock.
Several equities research analysts have recently commented on CBOE shares. Zacks Investment Research downgraded shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada set a $90.00 target price on shares of CBOE Holdings and gave the stock an “outperform” rating in a research report on Friday, May 12th. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. started coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.97.
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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