Texas Permanent School Fund Reduces Position in CBOE Holdings, Inc. (NASDAQ:CBOE)
Texas Permanent School Fund cut its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 17.3% during the second quarter, Holdings Channel reports. The firm owned 25,815 shares of the financial services provider’s stock after selling 5,390 shares during the period. Texas Permanent School Fund’s holdings in CBOE Holdings were worth $2,359,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of CBOE Holdings by 5.3% in the first quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock worth $7,129,000 after buying an additional 4,461 shares during the period. FMR LLC increased its stake in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of CBOE Holdings by 77.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock worth $446,000 after buying an additional 2,403 shares during the period. State Street Corp increased its stake in shares of 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 period. Finally, General Atlantic LLC bought a new stake in shares of CBOE Holdings during the first quarter worth $230,006,000. 78.39% of the stock is owned by hedge funds and other institutional investors.
CBOE Holdings, Inc. (CBOE) opened at 96.80 on Thursday. The firm has a market cap of $10.85 billion, a PE ratio of 54.02 and a beta of 0.49. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $96.95. The stock has a 50 day moving average of $92.68 and a 200-day moving average of $84.73.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The business’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Analysts expect that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The firm also recently announced 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 an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.12%. CBOE Holdings’s payout ratio is presently 55.25%.
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CBOE has been the subject of a number of research reports. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price target for the company in a report on Friday, May 12th. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Royal Bank Of Canada set a $90.00 price target on shares of CBOE Holdings and gave the company an “outperform” rating in a report on Friday, May 12th. Citigroup Inc. initiated coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.97.
In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the transaction, the chairman now owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Mitchell sold 225,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was 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. In the last three months, insiders have sold 237,316 shares of company stock valued at $21,150,160. Insiders own 0.96% of the company’s stock.
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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