Mutual of America Capital Management LLC Boosts Stake in CBOE Holdings, Inc. (CBOE)
Mutual of America Capital Management LLC grew its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 15.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,688 shares of the financial services provider’s stock after acquiring an additional 2,209 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CBOE Holdings were worth $1,525,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock worth $397,614,000 after buying an additional 4,855,309 shares during the last quarter. General Atlantic LLC bought a new stake in CBOE Holdings in the first quarter worth $230,006,000. Vanguard Group Inc. lifted its position in CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock worth $643,485,000 after buying an additional 1,803,114 shares during the last quarter. State Street Corp lifted its position in CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in CBOE Holdings in the second quarter worth $108,155,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 108.17 on Friday. The company has a market capitalization of $12.20 billion, a P/E ratio of 59.14 and a beta of 0.50. The stock’s 50 day moving average price is $103.92 and its 200 day moving average price is $91.71. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $110.21.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts forecast that CBOE Holdings, Inc. will post $3.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. 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. CBOE Holdings’s dividend payout ratio is 59.67%.
A number of brokerages recently issued reports on CBOE. Wells Fargo & Company restated an “outperform” rating and issued a $120.00 price target (up from $106.00) on shares of CBOE Holdings in a research report on Thursday. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price target on shares of CBOE Holdings in a research report on Tuesday. Zacks Investment Research downgraded CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Royal Bank Of Canada set a $100.00 price target on CBOE Holdings and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Barclays PLC began coverage on CBOE Holdings in a research report on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.04.
In related news, Director Christopher Mitchell sold 200,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $97.65, for a total transaction of $19,530,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the stock in a transaction dated 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 approximately $1,383,370.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,240 shares of company stock worth $20,981,248. Corporate insiders own 1.86% of the company’s stock.
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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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