CBOE Holdings, Inc. (CBOE) Shares Sold by Fishman Jay A Ltd. MI
Fishman Jay A Ltd. MI reduced its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 10,108 shares of the financial services provider’s stock after selling 300 shares during the period. Fishman Jay A Ltd. MI’s holdings in CBOE Holdings were worth $924,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in CBOE. Teachers Advisors LLC increased its stake 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 valued at $5,865,000 after buying an additional 1,934 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of CBOE Holdings during the first quarter valued at about $6,411,000. Exxonmobil Investment Management Inc. TX bought a new stake in shares of CBOE Holdings during the first quarter valued at about $1,651,000. Bank of Montreal Can increased its stake 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 valued at $4,207,000 after buying an additional 29,960 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.
Shares of CBOE Holdings, Inc. (CBOE) opened at 97.07 on Tuesday. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $98.02. The stock has a 50 day moving average of $93.36 and a 200 day moving average of $85.21. The firm has a market cap of $10.95 billion, a P/E ratio of 53.07 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. CBOE Holdings’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio is 55.25%.
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Several equities research analysts have recently issued reports on CBOE shares. Zacks Investment Research downgraded shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada set a $90.00 price objective on shares of CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Finally, Citigroup Inc. initiated coverage on shares of CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.97.
In related news, VP Christopher A. Isaacson sold 7,316 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 value of $20,063,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 237,316 shares of company stock worth $21,150,160. 0.96% of the stock is currently owned by 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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