CBOE Holdings, Inc. (CBOE) Director Christopher Mitchell Sells 200,000 Shares
CBOE Holdings, Inc. (NASDAQ:CBOE) Director Christopher Mitchell sold 200,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $97.65, for a total transaction of $19,530,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Christopher Mitchell also recently made the following trade(s):
- On Friday, June 9th, Christopher Mitchell sold 225,000 shares of CBOE Holdings stock. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00.
CBOE Holdings, Inc. (NASDAQ CBOE) traded down 0.65% on Thursday, reaching $97.19. 797,320 shares of the company traded hands. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $98.55. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 53.14 and a beta of 0.49. The stock’s 50-day moving average is $94.00 and its 200-day moving average is $85.53.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 85.2% on a year-over-year basis. Equities research analysts expect that CBOE Holdings, Inc. will post $3.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio is currently 55.25%.
CBOE has been the subject of a number of research reports. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and set a $92.00 target price (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Deutsche Bank AG increased their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. initiated 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 issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $76.97.
A number of hedge funds have recently made changes to their positions in CBOE. Cookson Peirce & Co. Inc. boosted its stake in shares of CBOE Holdings by 18.1% in the second quarter. Cookson Peirce & Co. Inc. now owns 4,370 shares of the financial services provider’s stock worth $399,000 after buying an additional 670 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of CBOE Holdings during the second quarter worth approximately $2,033,000. WINTON GROUP Ltd boosted its stake in shares of CBOE Holdings by 26.2% in the second quarter. WINTON GROUP Ltd now owns 28,601 shares of the financial services provider’s stock worth $2,614,000 after buying an additional 5,937 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of CBOE Holdings by 15.5% in the second quarter. Public Employees Retirement System of Ohio now owns 101,593 shares of the financial services provider’s stock worth $9,286,000 after buying an additional 13,656 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of CBOE Holdings by 56.0% in the second quarter. Sterling Capital Management LLC now owns 32,221 shares of the financial services provider’s stock worth $2,945,000 after buying an additional 11,571 shares in the last quarter. 79.66% of the stock is owned by institutional investors and hedge funds.
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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