Glenview State Bank Trust DEPT. maintained its position in CBOE Holdings, Inc. (NASDAQ:CBOE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the financial services provider’s stock at the end of the second quarter. Glenview State Bank Trust DEPT.’s holdings in CBOE Holdings were worth $366,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TrimTabs Asset Management LLC raised its position in CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock worth $128,000 after buying an additional 744 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in CBOE Holdings during the second quarter worth approximately $183,000. Royce & Associates LP bought a new position in CBOE Holdings during the first quarter worth approximately $180,000. Oppenheimer & Co. Inc. bought a new position in CBOE Holdings during the first quarter worth approximately $201,000. Finally, Soros Fund Management LLC bought a new position in CBOE Holdings during the first quarter worth approximately $227,000. Institutional investors and hedge funds own 78.39% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ CBOE) traded down 0.46% during trading on Friday, reaching $96.23. 540,038 shares of the company were exchanged. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 52.61 and a beta of 0.49. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $97.27. The firm has a 50-day moving average of $93.13 and a 200-day moving average of $84.96.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The company had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. CBOE Holdings’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities analysts forecast that CBOE Holdings, Inc. will post $3.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s payout ratio is currently 55.25%.
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A number of research analysts recently commented on the stock. Deutsche Bank AG raised their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research note on Monday, August 7th. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. began coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.97.
In other news, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction on Friday, June 9th. The shares were sold at an average price of $89.17, for a total value of $20,063,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, June 5th. The shares were sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the sale, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. Insiders sold a total of 237,316 shares of company stock valued at $21,150,160 in the last quarter. 0.96% of the stock is currently owned by company insiders.
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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