Cim LLC Has $597,000 Position in CBOE Holdings, Inc (CBOE)
Cim LLC increased its position in CBOE Holdings, Inc (NASDAQ:CBOE) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 7,365 shares of the financial services provider’s stock after buying an additional 250 shares during the period. Cim LLC’s holdings in CBOE Holdings were worth $597,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CBOE. Vantage Investment Advisors LLC boosted its position in CBOE Holdings by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,979 shares of the financial services provider’s stock worth $193,000 after buying an additional 11 shares in the last quarter. Jump Trading LLC boosted its position in CBOE Holdings by 0.3% in the third quarter. Jump Trading LLC now owns 37,848 shares of the financial services provider’s stock worth $2,454,000 after buying an additional 100 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its position in CBOE Holdings by 0.7% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 16,106 shares of the financial services provider’s stock worth $1,190,000 after buying an additional 106 shares in the last quarter. Baird Financial Group Inc. boosted its position in CBOE Holdings by 4.7% in the fourth quarter. Baird Financial Group Inc. now owns 3,298 shares of the financial services provider’s stock worth $244,000 after buying an additional 148 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in CBOE Holdings by 2.2% in the fourth quarter. Private Advisor Group LLC now owns 7,850 shares of the financial services provider’s stock worth $580,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.
CBOE Holdings, Inc (NASDAQ:CBOE) traded down 0.37% during midday trading on Tuesday, hitting $81.86. The company had a trading volume of 292,897 shares. CBOE Holdings, Inc has a one year low of $61.22 and a one year high of $82.62. The company’s 50 day moving average is $79.86 and its 200-day moving average is $73.96. The company has a market cap of $6.65 billion, a P/E ratio of 36.06 and a beta of 0.66.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Monday, February 6th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. CBOE Holdings had a return on equity of 70.50% and a net margin of 28.74%. The company earned $163.20 million during the quarter, compared to the consensus estimate of $160.10 million. During the same period last year, the business earned $0.59 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that CBOE Holdings, Inc will post $3.14 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, March 1st. CBOE Holdings’s dividend payout ratio (DPR) is presently 44.05%.
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A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price target on shares of CBOE Holdings in a report on Friday, March 31st. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, January 10th. Deutsche Bank AG upped their target price on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, April 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 target price on shares of CBOE Holdings in a research report on Monday, April 10th. Finally, Bank of America Corp raised CBOE Holdings from an “underperform” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, January 31st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.09.
In other news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $78.61, for a total transaction of $393,050.00. Following the transaction, the chairman now owns 85,611 shares of the company’s stock, valued at approximately $6,729,880.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Mitchell sold 470,000 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $78.26, for a total value of $36,782,200.00. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.
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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