Short Interest in CBOE Holdings, Inc. (CBOE) Decreases By 29.6%
CBOE Holdings, Inc. (NASDAQ:CBOE) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 5,002,061 shares, a decrease of 29.6% from the October 13th total of 7,102,238 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average trading volume of 744,757 shares, the short-interest ratio is presently 6.7 days.
Shares of CBOE Holdings (NASDAQ CBOE) opened at $114.45 on Friday. CBOE Holdings has a fifty-two week low of $66.99 and a fifty-two week high of $116.56. The firm has a market cap of $12,985.27, a price-to-earnings ratio of 36.10, a PEG ratio of 1.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.38.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. CBOE Holdings had a net margin of 13.37% and a return on equity of 14.70%. The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. During the same period last year, the business earned $0.72 EPS. The company’s revenue was up 98.0% on a year-over-year basis. sell-side analysts anticipate that CBOE Holdings will post 3.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.27 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. CBOE Holdings’s payout ratio is 58.70%.
In other news, Director Carole E. Stone sold 1,520 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $97.14, for a total value of $147,652.80. Following the completion of the sale, the director now owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank E. Jr. English sold 700 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the completion of the sale, the director now directly owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,240 shares of company stock valued at $21,417,728. 1.86% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of CBOE Holdings by 10.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock valued at $163,635,000 after purchasing an additional 142,667 shares in the last quarter. Amalgamated Bank grew its position in shares of CBOE Holdings by 2.5% in the 3rd quarter. Amalgamated Bank now owns 22,674 shares of the financial services provider’s stock valued at $2,440,000 after buying an additional 544 shares during the last quarter. LVW Advisors LLC purchased a new position in shares of CBOE Holdings in the 3rd quarter valued at $16,945,000. Schroder Investment Management Group purchased a new position in shares of CBOE Holdings in the 3rd quarter valued at $8,414,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of CBOE Holdings by 34.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,172 shares of the financial services provider’s stock valued at $987,000 after buying an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 81.88% of the company’s stock.
Several research firms have recently weighed in on CBOE. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $108.00 price target on shares of CBOE Holdings in a research note on Thursday, October 12th. Deutsche Bank AG increased their price target on shares of CBOE Holdings from $106.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday. Barclays PLC began coverage on shares of CBOE Holdings in a research note on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price target for the company. Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. CBOE Holdings presently has a consensus rating of “Buy” and a consensus target price of $105.36.
CBOE Holdings Company Profile
Cboe Global Markets, Inc, formerly 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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