CBOE Holdings, Inc. (CBOE) Position Raised by North Star Investment Management Corp.
North Star Investment Management Corp. boosted its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,672 shares of the financial services provider’s stock after buying an additional 84 shares during the period. North Star Investment Management Corp.’s holdings in CBOE Holdings were worth $884,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CBOE. TrimTabs Asset Management LLC increased its position in shares of 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 valued at $128,000 after buying an additional 744 shares during the last quarter. Royce & Associates LP purchased a new position in shares of CBOE Holdings during the first quarter valued at about $180,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of CBOE Holdings during the second quarter valued at about $183,000. Oppenheimer & Co. Inc. purchased a new position in shares of CBOE Holdings during the first quarter valued at about $201,000. Finally, Soros Fund Management LLC purchased a new position in shares of CBOE Holdings during the first quarter valued at about $227,000. 78.50% of the stock is currently owned by institutional investors and hedge funds.
CBOE Holdings, Inc. (CBOE) traded down 0.25% during midday trading on Thursday, reaching $92.68. 31,946 shares of the company were exchanged. CBOE Holdings, Inc. has a one year low of $61.58 and a one year high of $93.55. The firm has a market cap of $10.38 billion, a P/E ratio of 51.72 and a beta of 0.49. The firm’s 50-day moving average is $90.18 and its 200-day moving average is $82.74.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. CBOE Holdings had a net margin of 18.03% and a return on equity of 24.30%. The company had revenue of $193.40 million for the quarter, compared to analyst estimates of $208.30 million. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts expect that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
CBOE has been the topic of several recent analyst reports. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 price target on shares of CBOE Holdings in a research report on Monday, April 10th. Deutsche Bank AG upped 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, Citigroup Inc. began coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $76.38.
In related news, Director Christopher Mitchell sold 225,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher A. Isaacson sold 7,316 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The disclosure for this sale can be found here. In the last three months, insiders sold 237,316 shares of company stock worth $21,150,160. Insiders own 0.96% of the company’s stock.
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.