CBOE Holdings, Inc. (CBOE) Position Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 166.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,396 shares of the financial services provider’s stock after buying an additional 90,285 shares during the period. BNP Paribas Arbitrage SA owned 0.13% of CBOE Holdings worth $13,198,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CBOE. BlackRock Inc. increased its stake 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 during the last quarter. FMR LLC increased 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 valued at $766,920,000 after buying an additional 3,238,234 shares during the last quarter. General Atlantic LLC purchased a new stake in shares of CBOE Holdings during the first quarter valued at approximately $230,006,000. Vanguard Group Inc. increased its stake 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 during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of CBOE Holdings during the first quarter valued at approximately $145,333,000. Hedge funds and other institutional investors own 79.66% of the company’s stock.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 96.30 on Friday. The company has a market capitalization of $10.86 billion, a P/E ratio of 52.65 and a beta of 0.49. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $98.55. The stock has a 50 day moving average of $94.15 and a 200-day moving average of $85.66.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. Equities research analysts forecast that CBOE Holdings, Inc. will post $3.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 30th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. CBOE Holdings’s dividend payout ratio (DPR) is currently 55.25%.
Several analysts have recently commented on CBOE shares. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada set a $90.00 price target on shares of CBOE Holdings and gave the company an “outperform” rating in a report on Friday, May 12th. Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, July 4th. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price target on the stock in a report on Friday, May 12th. Finally, Jefferies Group LLC reiterated 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. 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $76.97.
In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of CBOE Holdings stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $97.14, for a total transaction of $147,652.80. Following the completion of the sale, the director now directly owns 14,241 shares in the company, valued at $1,383,370.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 438,836 shares of company stock valued at $40,827,813. Company insiders own 0.96% of the company’s stock.
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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