CBOE Holdings Inc. (CBOE) To Go Ex-Dividend on November 30th
CBOE Holdings Inc. (NASDAQ:CBOE) announced a quarterly dividend on Thursday, October 27th. Stockholders of record on Friday, December 2nd will be given a dividend of 0.25 per share on Friday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.23.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 67.94 on Friday. The stock has a 50 day moving average of $65.77 and a 200-day moving average of $66.34. The firm has a market capitalization of $5.52 billion, a P/E ratio of 29.16 and a beta of 0.57. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 28th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The business had revenue of $456.20 million for the quarter, compared to the consensus estimate of $159.44 million. CBOE Holdings had a net margin of 29.92% and a return on equity of 73.40%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts expect that CBOE Holdings will post $2.33 earnings per share for the current year.
In other news, CEO Edward T. Tilly sold 6,250 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was 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 $4,995,242.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its stake in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock worth $240,000 after buying an additional 76 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CBOE Holdings by 14.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,567 shares of the company’s stock worth $166,000 after buying an additional 327 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of CBOE Holdings by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 12,870 shares of the company’s stock worth $857,000 after buying an additional 483 shares during the last quarter. Profund Advisors LLC raised its stake in shares of CBOE Holdings by 7.1% in the second quarter. Profund Advisors LLC now owns 9,532 shares of the company’s stock worth $635,000 after buying an additional 632 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of CBOE Holdings by 2.3% in the second quarter. BlackRock Inc. now owns 47,134 shares of the company’s stock worth $3,140,000 after buying an additional 1,047 shares during the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of CBOE Holdings in a report on Friday, September 23rd. Barclays PLC reaffirmed an “underweight” rating and set a $52.00 price objective (down from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $61.00 price target on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Finally, Deutsche Bank AG upped their price target on CBOE Holdings from $67.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, September 9th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. CBOE Holdings has an average rating of “Hold” and an average target price of $65.26.
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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