CBOE Holdings Inc. (CBOE) Shares Sold by Prudential Financial Inc.
Prudential Financial Inc. lowered its position in CBOE Holdings Inc. (NASDAQ:CBOE) by 18.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,059 shares of the company’s stock after selling 16,110 shares during the period. Prudential Financial Inc. owned approximately 0.09% of CBOE Holdings worth $4,734,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock worth $141,096,000 after buying an additional 21,575 shares during the last quarter. Geode Capital Management LLC increased its stake in CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock worth $38,222,000 after buying an additional 20,152 shares during the last quarter. UBS Group AG increased its stake in CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock worth $14,954,000 after buying an additional 138,933 shares during the last quarter. Lazard Asset Management LLC increased its stake in CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares during the last quarter. Finally, Credit Agricole S A increased its stake in CBOE Holdings by 301.2% in the first quarter. Credit Agricole S A now owns 116,858 shares of the company’s stock worth $7,635,000 after buying an additional 87,732 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) opened at 66.09 on Friday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 25.00 and a beta of 0.55. The company’s 50-day moving average is $67.89 and its 200 day moving average is $66.16. CBOE Holdings Inc. has a 1-year low of $58.43 and a 1-year high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. CBOE Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. On average, equities research analysts expect that CBOE Holdings Inc. will post $2.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.39%. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
A number of analysts have recently commented on CBOE shares. Wells Fargo & Co. upgraded CBOE Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $67.50 to $80.50 in a report on Tuesday, October 4th. Buckingham Research upgraded CBOE Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $77.00 in a report on Tuesday, September 27th. Barclays PLC restated an “underweight” rating and set a $52.00 price objective (down from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. Deutsche Bank AG upped their price target on shares of CBOE Holdings from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBOE Holdings from $65.00 to $71.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 27th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. CBOE Holdings presently has a consensus rating of “Hold” and a consensus price target of $65.26.
In related news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction on Monday, September 12th. The shares were sold at an average price of $67.86, for a total value of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.
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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