CBOE Holdings, Inc. (CBOE) Position Reduced by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board lowered its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 8,800 shares of the financial services provider’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in CBOE Holdings were worth $832,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CBOE. Teachers Advisors LLC raised its position in shares of CBOE Holdings by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 79,370 shares of the financial services provider’s stock worth $5,865,000 after buying an additional 1,934 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of CBOE Holdings during the first quarter worth $6,411,000. Exxonmobil Investment Management Inc. TX purchased a new position in shares of CBOE Holdings during the first quarter worth $1,651,000. Bank of Montreal Can raised its position in shares of CBOE Holdings by 136.7% in the first quarter. Bank of Montreal Can now owns 51,883 shares of the financial services provider’s stock worth $4,207,000 after buying an additional 29,960 shares during the last quarter. Finally, Cim LLC raised its position 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 worth $597,000 after buying an additional 250 shares during the last quarter. 79.66% of the stock is currently owned by institutional investors.
Shares of CBOE Holdings, Inc. (CBOE) opened at 97.54 on Wednesday. CBOE Holdings, Inc. has a one year low of $61.58 and a one year high of $98.06. The company has a market cap of $11.00 billion, a P/E ratio of 53.33 and a beta of 0.49. The company’s 50-day moving average price is $93.59 and its 200 day moving average price is $85.35.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. CBOE Holdings’s payout ratio is presently 55.25%.
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CBOE has been the topic of a number of research reports. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada set a $90.00 target price on CBOE Holdings and gave the stock an “outperform” rating in a research report on Friday, May 12th. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Deutsche Bank AG upped their target price on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. initiated 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. CBOE Holdings has a consensus rating of “Buy” and a consensus price target of $76.97.
In other CBOE Holdings news, VP Christopher A. Isaacson sold 7,316 shares of CBOE Holdings stock in a transaction on Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $434,250.00. Following the transaction, 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 have sold 237,316 shares of company stock valued at $21,150,160 in the last quarter. 0.96% of the stock is owned by company insiders.
CBOE Holdings Company 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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