Investors Buy Shares of CBOE (CBOE) on Weakness
Traders bought shares of CBOE Holdings, Inc. (NASDAQ:CBOE) on weakness during trading hours on Monday. $96.34 million flowed into the stock on the tick-up and $31.02 million flowed out of the stock on the tick-down, for a money net flow of $65.32 million into the stock. Of all equities tracked, CBOE had the 4th highest net in-flow for the day. CBOE traded down ($0.58) for the day and closed at $125.79
A number of research firms have recently weighed in on CBOE. BidaskClub cut CBOE from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada cut CBOE from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $100.00 to $108.00 in a report on Monday, October 16th. Jefferies Group reiterated a “hold” rating and set a $92.00 price target on shares of CBOE in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $108.00 price target on shares of CBOE in a report on Thursday, October 12th. Finally, Bank of America increased their price target on CBOE from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $107.50.
The company has a market capitalization of $14,271.86, a price-to-earnings ratio of 39.68, a P/E/G ratio of 2.11 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 30th. CBOE’s dividend payout ratio (DPR) is 58.70%.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the transaction, the chairman now directly owns 70,611 shares in the company, valued at approximately $8,916,757.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David S. Reynolds sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $109.12, for a total value of $436,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,989 shares of company stock valued at $2,059,320 over the last 90 days. 1.86% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in CBOE by 6,258.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 349,880 shares of the financial services provider’s stock valued at $31,979,000 after acquiring an additional 344,377 shares during the period. State of Wisconsin Investment Board raised its position in CBOE by 8.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 95,227 shares of the financial services provider’s stock valued at $10,249,000 after purchasing an additional 7,178 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in CBOE by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock valued at $42,133,000 after purchasing an additional 15,956 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in CBOE by 16.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 35,010 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 5,010 shares in the last quarter. Finally, American Century Companies Inc. raised its position in CBOE by 135.3% in the 2nd quarter. American Century Companies Inc. now owns 1,258,358 shares of the financial services provider’s stock valued at $115,014,000 after purchasing an additional 723,512 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.
CBOE Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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