Profund Advisors LLC Sold 10,211 Shares of CBOE Stake, Inc (CBOE)

Profund Advisors LLC Sold 10,211 Shares of CBOE Stake, Inc (CBOE)

Profund Advisors LLC lowered its stake in CBOE Holdings, Inc (NASDAQ:CBOE) by 77.4% during the first quarter, Holdings Channel reports. The institutional investor owned 2,986 shares of the financial services provider’s stock after selling 10,211 shares during the period. Profund Advisors LLC’s holdings in CBOE Holdings were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jump Trading LLC boosted its position in shares of CBOE Holdings by 0.3% in the third quarter. Jump Trading LLC now owns 37,848 shares of the financial services provider’s stock valued at $2,454,000 after buying an additional 100 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its position in shares of 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 valued at $1,190,000 after buying an additional 106 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of 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 valued at $244,000 after buying an additional 148 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of 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 valued at $580,000 after buying an additional 166 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of CBOE Holdings by 1.8% in the fourth quarter. Keybank National Association OH now owns 12,605 shares of the financial services provider’s stock valued at $931,000 after buying an additional 221 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Shares of CBOE Holdings, Inc (NASDAQ CBOE) opened at 86.75 on Friday. The firm has a 50-day moving average of $84.22 and a 200-day moving average of $78.50. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 48.41 and a beta of 0.66. CBOE Holdings, Inc has a 12 month low of $61.58 and a 12 month high of $87.00.

CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.10. The business had revenue of $193.40 million for the quarter, compared to analyst estimates of $208.30 million. CBOE Holdings had a net margin of 28.74% and a return on equity of 70.50%. CBOE Holdings’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, analysts anticipate that CBOE Holdings, Inc will post $3.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 31st. CBOE Holdings’s payout ratio is 44.05%.

Several brokerages have recently commented on CBOE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of CBOE Holdings in a report on Friday, March 31st. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG increased their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, April 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price target on shares of CBOE Holdings in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $73.63.

In other news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction on Monday, March 27th. The shares were sold at an average price of $78.61, for a total value 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 Securities & Exchange Commission, which is available through this link. Also, Director Christopher Mitchell sold 470,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $78.26, for a total transaction of $36,782,200.00. The disclosure for this sale can be found here. 0.96% of the stock is 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CBOE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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