CBOE Holdings, Inc. (NASDAQ:CBOE) Stake Raised by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System boosted its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 5,700 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in CBOE Holdings were worth $521,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Public Employees Retirement System of Ohio raised its stake in shares of CBOE Holdings by 5.3% in the first quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock worth $7,129,000 after buying an additional 4,461 shares in the last quarter. FMR LLC raised its stake in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of CBOE Holdings by 77.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock worth $446,000 after buying an additional 2,403 shares in the last quarter. State Street Corp raised its stake in shares of CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares in the last quarter. Finally, General Atlantic LLC bought a new stake in shares of CBOE Holdings during the first quarter worth about $230,006,000. 78.39% of the stock is owned by institutional investors.
CBOE Holdings, Inc. (NASDAQ CBOE) traded down 0.65% during mid-day trading on Friday, hitting $96.04. The company had a trading volume of 213,079 shares. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $97.27. The company has a market capitalization of $10.83 billion, a P/E ratio of 52.51 and a beta of 0.49. The company has a 50-day moving average price of $92.91 and a 200 day moving average price of $84.82.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The business’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, analysts forecast that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is presently 55.25%.
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A number of brokerages have recently issued reports on CBOE. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and set a $92.00 target price (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.97.
In other news, VP Christopher A. Isaacson sold 7,316 shares of CBOE Holdings stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the completion of the transaction, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. Insiders sold a total of 237,316 shares of company stock valued at $21,150,160 in the last quarter. Company 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).
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