Insider Selling: CBOE Holdings, Inc. (CBOE) VP Sells $873,303.98 in Stock

CBOE Holdings, Inc. (NASDAQ:CBOE) VP Christopher A. Isaacson sold 7,019 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $124.42, for a total transaction of $873,303.98. Following the completion of the sale, the vice president now owns 90,229 shares of the company’s stock, valued at $11,226,292.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CBOE Holdings, Inc. (NASDAQ CBOE) opened at $124.19 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. CBOE Holdings, Inc. has a 12-month low of $72.54 and a 12-month high of $127.78. The firm has a market cap of $14,001.83, a PE ratio of 38.93, a P/E/G ratio of 2.07 and a beta of 0.52.

CBOE (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. CBOE had a net margin of 10.55% and a return on equity of 14.70%. The company had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 98.0% on a year-over-year basis. research analysts predict that CBOE Holdings, Inc. will post 3.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 30th. CBOE’s payout ratio is currently 58.70%.

CBOE has been the topic of a number of recent research reports. BidaskClub raised shares of CBOE from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada lowered shares of CBOE from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $100.00 to $108.00 in a research note on Monday, October 16th. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 price objective on shares of CBOE in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $108.00 price objective on shares of CBOE in a research note on Thursday, October 12th. Finally, Bank of America raised 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. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $107.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Visionary Asset Management Inc. bought a new position in shares of CBOE during the third quarter valued at about $234,000. Neuberger Berman Group LLC raised its position in CBOE by 0.6% in the third quarter. Neuberger Berman Group LLC now owns 310,803 shares of the financial services provider’s stock worth $33,452,000 after acquiring an additional 1,868 shares during the period. California Public Employees Retirement System raised its position in CBOE by 7.5% in the third quarter. California Public Employees Retirement System now owns 242,050 shares of the financial services provider’s stock worth $26,052,000 after acquiring an additional 16,850 shares during the period. Janus Henderson Group PLC raised its position in CBOE by 46.8% in the third quarter. Janus Henderson Group PLC now owns 704,403 shares of the financial services provider’s stock worth $75,815,000 after acquiring an additional 224,513 shares during the period. Finally, Vident Investment Advisory LLC bought a new stake in CBOE in the third quarter worth about $1,039,000. 84.07% of the stock is currently owned by institutional investors.

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About CBOE

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).

Insider Buying and Selling by Quarter for CBOE (NASDAQ:CBOE)

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