TD Asset Management Inc. Acquires 15,696 Shares of CBOE Holdings, Inc. (CBOE)
TD Asset Management Inc. raised its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 230,974 shares of the financial services provider’s stock after buying an additional 15,696 shares during the period. TD Asset Management Inc.’s holdings in CBOE Holdings were worth $21,111,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CBOE. BlackRock Inc. boosted its position in shares of CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after buying an additional 4,855,309 shares in the last quarter. FMR LLC boosted its position 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 valued at $766,920,000 after buying an additional 3,238,234 shares in the last quarter. General Atlantic LLC acquired a new position in shares of CBOE Holdings during the first quarter valued at about $230,006,000. Vanguard Group Inc. boosted its position in shares of CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock valued at $643,485,000 after buying an additional 1,803,114 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of CBOE Holdings during the first quarter valued at about $145,333,000. 78.39% of the stock is currently owned by institutional investors.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 96.23 on Friday. The company’s 50 day moving average is $93.13 and its 200 day moving average is $84.96. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $97.27. The firm has a market capitalization of $10.85 billion, a PE ratio of 52.61 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The company 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%. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, analysts forecast that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.12%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio is presently 55.25%.
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CBOE has been the topic of several recent research reports. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada set a $90.00 price objective on shares of CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. Deutsche Bank AG lifted their price objective on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research raised 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 note on Friday, May 12th. Finally, Citigroup Inc. initiated coverage on shares of CBOE Holdings in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.97.
In related news, Director Christopher Mitchell sold 225,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $89.17, for a total transaction of $20,063,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Over the last three months, insiders have sold 237,316 shares of company stock valued at $21,150,160. 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).
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