Investors Sell Shares of CBOE (CBOE) on Strength on Insider Selling
Investors sold shares of CBOE Holdings, Inc. (NASDAQ:CBOE) on strength during trading on Thursday after an insider sold shares in the company. $30.96 million flowed into the stock on the tick-up and $146.68 million flowed out of the stock on the tick-down, for a money net flow of $115.72 million out of the stock. Of all companies tracked, CBOE had the 0th highest net out-flow for the day. CBOE traded up $2.77 for the day and closed at $123.43Specifically, Director Christopher Mitchell sold 670 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total value of $80,996.30. Following the transaction, the director now directly owns 8,808 shares of the company’s stock, valued at approximately $1,064,799.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David S. Reynolds sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $109.12, for a total transaction of $436,480.00. The disclosure for this sale can be found here. Insiders sold a total of 9,670 shares of company stock worth $1,045,076 over the last three months. Corporate insiders own 1.86% of the company’s stock.
CBOE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of CBOE from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Monday, October 9th. Bank of America raised their price target on shares of CBOE from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Royal Bank Of Canada set a $100.00 price target on shares of CBOE and gave the stock a “buy” rating in a report on Monday, September 11th. Barclays initiated coverage on shares of CBOE in a report on Friday, September 8th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Jefferies Group restated a “hold” rating and set a $92.00 price target on shares of CBOE in a report on Thursday, August 24th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.36.
The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $14,010.00, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.
CBOE (NASDAQ:CBOE) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. CBOE had a net margin of 10.55% and a return on equity of 14.70%. The firm had revenue of $269.70 million during the quarter, compared to the consensus estimate of $270.14 million. During the same quarter last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 98.0% on a year-over-year basis. analysts anticipate that CBOE Holdings, Inc. will post 3.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.08 annualized dividend and a yield of 0.87%. CBOE’s dividend payout ratio (DPR) is presently 58.38%.
A number of institutional investors have recently bought and sold shares of the stock. Vantage Investment Advisors LLC increased its holdings in CBOE by 0.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 3,006 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 8 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in CBOE by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the last quarter. Advisor Group Inc. increased its holdings in CBOE by 0.9% in the 2nd quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 21 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in CBOE by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,826 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 21 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in CBOE by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 8,173 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.
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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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