Northwestern Mutual Investment Management Company LLC reduced its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 24.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,053 shares of the financial services provider’s stock after selling 4,490 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in CBOE Holdings were worth $936,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of CBOE Holdings by 9,849.9% during the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after buying an additional 4,855,309 shares during the period. FMR LLC increased its position in shares of CBOE Holdings by 52.0% during the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock valued at $766,920,000 after buying an additional 3,238,234 shares during the period. General Atlantic LLC purchased a new position in shares of CBOE Holdings during the first quarter valued at about $230,006,000. Vanguard Group Inc. increased its position in shares of CBOE Holdings by 29.4% during the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock valued at $643,485,000 after buying an additional 1,803,114 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in shares of CBOE Holdings during the first quarter valued at about $145,333,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 106.60 on Friday. The firm’s 50-day moving average is $99.71 and its 200 day moving average is $89.27. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $106.72. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 58.28 and a beta of 0.49.
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, topping the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company’s revenue for the quarter was up 85.2% 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 predict that CBOE Holdings, Inc. will post $3.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was 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 1.01%. CBOE Holdings’s payout ratio is 59.67%.
A number of equities research analysts have weighed in on CBOE shares. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price on shares of CBOE Holdings in a research note on Thursday, August 24th. Barclays PLC initiated coverage on shares of CBOE Holdings in a research note on Friday, September 8th. They issued an “equal weight” rating and a $105.00 target price on the stock. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $100.00 price objective on shares of CBOE Holdings and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Deutsche Bank AG increased their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.09.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $105.52, for a total transaction of $527,600.00. Following the transaction, the chairman now directly owns 75,611 shares of the company’s stock, valued at approximately $7,978,472.72. 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 214,240 shares of company stock worth $20,981,248 over the last three months. 1.86% of the stock is currently owned by corporate 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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