Edward T. Tilly Sells 6,250 Shares of CBOE Holdings Inc. (CBOE) Stock
CBOE Holdings Inc. (NASDAQ:CBOE) CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the transaction, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
CBOE Holdings Inc. (NASDAQ:CBOE) opened at 68.94 on Monday. The company’s 50 day moving average price is $68.45 and its 200-day moving average price is $65.74. CBOE Holdings Inc. has a 52 week low of $58.43 and a 52 week high of $72.53. The company has a market capitalization of $5.60 billion, a P/E ratio of 26.07 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Equities research analysts expect that CBOE Holdings Inc. will post $2.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is presently 37.88%.
CBOE has been the subject of a number of recent analyst reports. Deutsche Bank AG boosted their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Zacks Investment Research raised CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Barclays PLC set a $53.00 target price on CBOE Holdings and gave the stock a “sell” rating in a research report on Monday, August 1st. Finally, Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and an average price target of $64.73.
Large investors have recently modified their holdings of the company. Steinberg Global Asset Management acquired a new stake in shares of CBOE Holdings during the second quarter valued at $203,000. Tower Research Capital LLC TRC increased its stake in shares of CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock valued at $213,000 after buying an additional 1,115 shares in the last quarter. Raymond James & Associates increased its stake in shares of CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock valued at $240,000 after buying an additional 76 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CBOE Holdings during the second quarter valued at $246,000. Finally, DRW Securities LLC increased its stake in shares of CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock valued at $295,000 after buying an additional 100 shares in the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.
About CBOE Holdings
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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