Pekin Singer Strauss Asset Management IL Has $534,000 Position in CBOE Holdings, Inc. (NASDAQ:CBOE)
Pekin Singer Strauss Asset Management IL increased its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 5,840 shares of the financial services provider’s stock after buying an additional 8 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in CBOE Holdings were worth $534,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CBOE. Strs Ohio acquired a new stake in CBOE Holdings during the second quarter worth about $120,000. TrimTabs Asset Management LLC raised its stake in CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock worth $128,000 after buying an additional 744 shares during the period. Royce & Associates LP acquired a new stake in CBOE Holdings during the first quarter worth about $180,000. Huntington National Bank acquired a new stake in CBOE Holdings during the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in CBOE Holdings during the second quarter worth about $183,000. 78.39% of the stock is currently owned by institutional investors and hedge funds.
CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 96.23 on Friday. The company has a market cap of $10.85 billion, a P/E ratio of 52.61 and a beta of 0.49. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $97.27. The company’s 50 day moving average price is $93.13 and its 200 day moving average price is $84.96.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the 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 company had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. Equities research analysts anticipate that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.27 dividend. 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 dividend yield of 1.12%. CBOE Holdings’s dividend payout ratio is presently 55.25%.
CBOE has been the topic of a number of research analyst reports. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Royal Bank Of Canada set a $90.00 target price on CBOE Holdings and gave the company an “outperform” rating in a report on Friday, May 12th. Deutsche Bank AG raised their target price on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, July 4th. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a report on Friday, May 12th. Finally, Citigroup Inc. initiated coverage on CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $76.97.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the sale, the chairman now owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher A. Isaacson sold 7,316 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The disclosure for this sale can be found here. Insiders sold 237,316 shares of company stock worth $21,150,160 in the last ninety days. 0.96% of the stock is owned by company 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).
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBOE Holdings, Inc. (NASDAQ:CBOE).
Receive News & Ratings for CBOE Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBOE Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.