CBOE Holdings, Inc. (CBOE) Holdings Reduced by Eagle Asset Management Inc.
Eagle Asset Management Inc. lowered its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,983 shares of the financial services provider’s stock after selling 777 shares during the quarter. Eagle Asset Management Inc.’s holdings in CBOE Holdings were worth $2,100,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CBOE. Strs Ohio acquired a new position in CBOE Holdings in the second quarter valued at about $120,000. Bronfman E.L. Rothschild L.P. lifted its position in CBOE Holdings by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after buying an additional 20 shares during the last quarter. Royce & Associates LP acquired a new position in CBOE Holdings in the first quarter valued at about $180,000. Huntington National Bank acquired a new position in CBOE Holdings in the second quarter valued at about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in CBOE Holdings in the second quarter valued at about $183,000. 82.49% of the stock is currently owned by institutional investors.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 104.74 on Monday. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 57.27 and a beta of 0.49. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $105.91. The company’s 50 day moving average is $97.44 and its 200-day moving average is $87.84.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. CBOE Holdings’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Equities analysts anticipate that CBOE Holdings, Inc. will post $3.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.03%. CBOE Holdings’s payout ratio is 59.67%.
A number of research analysts have commented on the stock. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Deutsche Bank AG increased their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price target (up previously from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price target (up previously from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. CBOE Holdings has a consensus rating of “Buy” and a consensus price target of $80.09.
In related news, VP Christopher A. Isaacson sold 7,020 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $100.61, for a total transaction of $706,282.20. Following the transaction, the vice president now directly owns 97,897 shares of the company’s stock, valued at approximately $9,849,417.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $97.14, for a total value of $147,652.80. Following the transaction, the director now directly owns 14,241 shares in the company, valued at $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold a total of 209,240 shares of company stock worth $20,453,648 over the last three months. 1.86% of the stock is currently owned by corporate insiders.
CBOE Holdings Profile
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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