Employees Retirement System of Texas raised its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 56.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,185 shares of the financial services provider’s stock after acquiring an additional 8,000 shares during the period. Employees Retirement System of Texas’ holdings in CBOE Holdings were worth $2,028,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. BlackRock Inc. raised its holdings in CBOE Holdings by 9,849.9% in the 1st quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after acquiring an additional 4,855,309 shares in the last quarter. Vanguard Group Inc. raised its holdings in CBOE Holdings by 23.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after acquiring an additional 1,886,113 shares in the last quarter. FMR LLC raised its holdings in CBOE Holdings by 16.1% in the 2nd quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after acquiring an additional 1,519,882 shares in the last quarter. State Street Corp raised its holdings in CBOE Holdings by 68.2% in the 1st quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after acquiring an additional 1,424,071 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new position in CBOE Holdings in the 2nd quarter valued at $108,155,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 109.10 on Thursday. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $110.21. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 59.65 and a beta of 0.50. The company’s 50-day moving average price is $104.90 and its 200-day moving average price is $92.43.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. Analysts anticipate that CBOE Holdings, Inc. will post $3.40 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.99%. CBOE Holdings’s dividend payout ratio (DPR) is presently 59.67%.
Several brokerages have weighed in on CBOE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $108.00 price objective on shares of CBOE Holdings in a report on Thursday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $106.00) on shares of CBOE Holdings in a report on Thursday, October 5th. They noted that the move was a valuation call. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday. Deutsche Bank AG lifted their price objective on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, BidaskClub cut CBOE Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $95.21.
In other CBOE Holdings news, VP Christopher A. Isaacson sold 7,020 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $100.61, for a total transaction of $706,282.20. Following the sale, the vice president now owns 97,897 shares in the company, valued at $9,849,417.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank E. Jr. English sold 700 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.59, for a total value of $69,713.00. Following the sale, the director now owns 4,514 shares in the company, valued at approximately $449,549.26. The disclosure for this sale can be found here. Insiders have sold 214,240 shares of company stock worth $20,981,248 in the last 90 days. Company insiders own 1.86% 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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