Westpac Banking Corp lowered its holdings in CBOE Holdings, Inc. (NASDAQ:CBOE) by 99.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,145 shares of the financial services provider’s stock after selling 1,190,557 shares during the quarter. Westpac Banking Corp’s holdings in CBOE Holdings were worth $744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new stake in CBOE Holdings in the 2nd quarter worth approximately $120,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of CBOE Holdings by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Royce & Associates LP purchased a new position in shares of CBOE Holdings in the 1st quarter valued at approximately $180,000. Huntington National Bank purchased a new position in shares of CBOE Holdings in the 2nd quarter valued at approximately $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of CBOE Holdings in the 2nd quarter valued at approximately $183,000. Institutional investors and hedge funds own 82.49% of the company’s stock.
In related news, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $97.14, for a total value of $147,652.80. Following the transaction, the director now directly owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 700 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the transaction, the director now directly owns 4,514 shares in the company, valued at $449,549.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,240 shares of company stock valued at $20,453,648. Company insiders own 1.86% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 104.38 on Tuesday. The stock has a market capitalization of $11.77 billion, a P/E ratio of 57.07 and a beta of 0.49. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $105.91. The stock has a 50 day moving average price of $97.55 and a 200-day moving average price of $88.00.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts expect that CBOE Holdings, Inc. will post $3.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, August 30th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio is currently 59.67%.
A number of research analysts have recently commented on CBOE shares. Zacks Investment Research upgraded 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. BidaskClub cut CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $100.00 target price on CBOE Holdings and gave the company a “buy” rating in a research note on Monday. Barclays PLC started coverage on CBOE Holdings in a research note on Friday. They issued an “equal weight” rating and a $105.00 target price for the company. Finally, Deutsche Bank AG raised their target price on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $80.09.
CBOE Holdings 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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