Public Employees Retirement Association of Colorado Has $1.80 Million Position in CBOE Holdings, Inc. (CBOE)
Public Employees Retirement Association of Colorado boosted its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 19,734 shares of the financial services provider’s stock after buying an additional 904 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CBOE Holdings were worth $1,804,000 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 the stock. Strs Ohio purchased a new position in CBOE Holdings during the second quarter worth $120,000. TrimTabs Asset Management LLC boosted its position 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 purchased a new position in CBOE Holdings during the first quarter worth $180,000. Huntington National Bank purchased a new position in CBOE Holdings during the second quarter worth $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CBOE Holdings during the second quarter worth $183,000. Institutional investors and hedge funds own 78.39% of the company’s stock.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 96.23 on Friday. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $97.27. The company has a 50-day moving average of $93.13 and a 200-day moving average of $84.96. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 52.61 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The company had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. CBOE Holdings’s revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts expect 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. Shareholders 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. This represents a $1.08 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s payout ratio is currently 55.25%.
A number of research firms have weighed in on CBOE. 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 objective on the stock. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective on the stock in a research report on Friday, May 12th. BidaskClub cut shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a report on Monday, July 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target (up from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.97.
In other CBOE Holdings 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 directly owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,316 shares of company stock valued at $21,150,160. 0.96% of the stock is currently owned by corporate 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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