Metropolitan Life Insurance Co. NY cut its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 39.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.
A number of other institutional investors have also made changes to their positions in CBOE. FMR LLC increased its position in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of CBOE Holdings by 77.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock worth $446,000 after buying an additional 2,403 shares during the period. Norges Bank acquired a new position in shares of CBOE Holdings during the fourth quarter worth about $51,044,000. AQR Capital Management LLC increased its position in shares of CBOE Holdings by 272.9% in the fourth quarter. AQR Capital Management LLC now owns 50,602 shares of the financial services provider’s stock worth $3,739,000 after buying an additional 37,032 shares during the period. Finally, General Atlantic LLC acquired a new position in shares of CBOE Holdings during the first quarter worth about $230,006,000. 78.46% of the stock is owned by hedge funds and other institutional investors.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 92.80 on Wednesday. The firm has a 50-day moving average price of $87.49 and a 200 day moving average price of $81.02. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $93.55. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 51.79 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The firm had revenue of $193.40 million for the quarter, compared to the consensus estimate of $208.30 million. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, equities research analysts anticipate that CBOE Holdings, Inc. will post $3.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Wednesday, May 31st. CBOE Holdings’s payout ratio is currently 54.64%.
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A number of equities research analysts have weighed in on CBOE shares. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price objective on shares of CBOE Holdings in a research note on Monday, April 10th. Deutsche Bank AG boosted their price objective on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $90.00 price objective on CBOE Holdings and gave the company an “outperform” rating in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.63.
In other news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $86.85, for a total value of $434,250.00. Following the sale, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Mitchell sold 225,000 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 237,316 shares of company stock worth $21,150,160 in the last ninety days. 0.96% of the stock is 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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