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 stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the completion of the sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
CBOE Holdings Inc. (NASDAQ:CBOE) opened at 68.94 on Monday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 26.07 and a beta of 0.54. The stock has a 50 day moving average of $68.45 and a 200-day moving average of $65.74. CBOE Holdings Inc. has a 52-week low of $58.43 and a 52-week high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. CBOE Holdings’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, equities research analysts anticipate that CBOE Holdings Inc. will post $2.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s payout ratio is 37.88%.
A number of institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of CBOE Holdings during the second quarter worth about $2,473,000. Schwab Charles Investment Management Inc. raised its position in shares of CBOE Holdings by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 313,192 shares of the company’s stock worth $20,865,000 after buying an additional 12,854 shares during the period. Amalgamated Bank raised its position in shares of CBOE Holdings by 38.1% in the second quarter. Amalgamated Bank now owns 14,156 shares of the company’s stock worth $950,000 after buying an additional 3,907 shares during the period. Roosevelt Investment Group Inc. raised its position in shares of CBOE Holdings by 43.4% in the second quarter. Roosevelt Investment Group Inc. now owns 358,247 shares of the company’s stock worth $23,866,000 after buying an additional 108,496 shares during the period. Finally, Legal & General Group Plc raised its position in shares of CBOE Holdings by 3.5% in the second quarter. Legal & General Group Plc now owns 11,445 shares of the company’s stock worth $762,000 after buying an additional 383 shares during the period. Institutional investors own 74.18% of the company’s stock.
Several analysts have recently commented on CBOE shares. Zacks Investment Research downgraded shares of CBOE Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 9th. Deutsche Bank AG restated a “hold” rating on shares of CBOE Holdings in a report on Sunday, June 26th. Barclays PLC raised their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. restated a “hold” rating and set a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Finally, Bank of America Corp. downgraded shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $68.29 to $65.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Five equities 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 currently has a consensus rating of “Hold” and an average target price of $64.73.
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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