Metropolitan Life Insurance Co. NY reduced its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 39.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,279 shares of the financial services provider’s stock after selling 30,905 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in CBOE Holdings were worth $3,914,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Gofen & Glossberg LLC IL increased its stake in shares of CBOE Holdings by 2.4% in the first quarter. Gofen & Glossberg LLC IL now owns 8,037 shares of the financial services provider’s stock valued at $652,000 after buying an additional 190 shares in the last quarter. Cim LLC increased its stake in shares of CBOE Holdings by 3.5% in the first quarter. Cim LLC now owns 7,365 shares of the financial services provider’s stock valued at $597,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of CBOE Holdings by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 9,964 shares of the financial services provider’s stock valued at $807,000 after buying an additional 491 shares in the last quarter. Pekin Singer Strauss Asset Management IL increased its stake in shares of CBOE Holdings by 9.6% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 5,823 shares of the financial services provider’s stock valued at $430,000 after buying an additional 509 shares in the last quarter. Finally, Numeric Investors LLC increased its stake in shares of CBOE Holdings by 4.5% in the fourth quarter. Numeric Investors LLC now owns 13,900 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 600 shares in the last quarter. 78.61% of the stock is currently owned by institutional investors.
Shares of CBOE Holdings, Inc. (CBOE) traded down 1.57% during midday trading on Friday, reaching $93.50. The company’s stock had a trading volume of 1,228,860 shares. The stock has a market capitalization of $10.48 billion, a P/E ratio of 52.18 and a beta of 0.49. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $95.95. The stock’s 50-day moving average is $91.72 and its 200 day moving average is $84.01.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 18.03% and a return on equity of 24.30%. The business had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. During the same period last year, the business posted $0.60 EPS. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. On average, analysts expect that CBOE Holdings, Inc. will post $3.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.27 dividend. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is 55.25%.
Several equities analysts recently weighed in on the company. Citigroup Inc. assumed coverage on CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 target price on the stock. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a research report on Friday, May 12th. BidaskClub downgraded CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price on shares of CBOE Holdings in a research report on Monday, April 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.38.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the completion of the sale, the chairman now directly owns 80,611 shares in the company, valued at approximately $7,001,065.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00. 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 over 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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