Insider Selling: CBOE Holdings, Inc. (CBOE) Director Sells 300 Shares of Stock
CBOE Holdings, Inc. (NASDAQ:CBOE) Director Frank E. Jr. English sold 300 shares of CBOE stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $123.80, for a total transaction of $37,140.00. Following the completion of the transaction, the director now owns 4,214 shares of the company’s stock, valued at $521,693.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CBOE Holdings, Inc. (NASDAQ CBOE) traded up $0.78 on Thursday, hitting $124.19. 919,828 shares of the stock were exchanged, compared to its average volume of 1,098,884. The stock has a market cap of $14,042.67, a price-to-earnings ratio of 39.04, a P/E/G ratio of 2.08 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.57. CBOE Holdings, Inc. has a 12-month low of $72.54 and a 12-month high of $127.78.
CBOE (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $269.70 million during the quarter, compared to analyst estimates of $270.14 million. CBOE had a net margin of 10.55% and a return on equity of 14.70%. The business’s revenue for the quarter was up 98.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. research analysts forecast that CBOE Holdings, Inc. will post 3.41 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of CBOE by 16.1% during the 2nd quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after purchasing an additional 1,519,882 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CBOE by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after purchasing an additional 1,886,113 shares in the last quarter. BlackRock Inc. grew its position in shares of CBOE by 30.7% during the 2nd quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after purchasing an additional 1,507,072 shares in the last quarter. State Street Corp grew its position in shares of CBOE by 17.2% during the 2nd quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after purchasing an additional 604,328 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of CBOE by 2.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after acquiring an additional 50,004 shares during the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.
A number of research analysts recently weighed in on CBOE shares. Bank of America lifted their price objective on shares of CBOE from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of CBOE from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, October 9th. BidaskClub upgraded shares of CBOE from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Jefferies Group reiterated a “hold” rating and issued a $92.00 price objective on shares of CBOE in a research note on Tuesday, October 3rd. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of CBOE and gave the company a “buy” rating in a research note on Monday, September 11th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $107.50.
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CBOE Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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