Carleon Capital Partners LLC Continues to Hold Position in CBOE Holdings, Inc. (NASDAQ:CBOE)

Carleon Capital Partners LLC maintained its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,000 shares of the financial services provider’s stock at the end of the second quarter. CBOE Holdings makes up 5.3% of Carleon Capital Partners LLC’s holdings, making the stock its 3rd largest position. Carleon Capital Partners LLC owned approximately 0.14% of CBOE Holdings worth $14,624,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CBOE. Nikko Asset Management Americas Inc. increased its stake in CBOE Holdings by 65.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 5,300 shares of the financial services provider’s stock worth $430,000 after buying an additional 2,100 shares in the last quarter. Shell Asset Management Co. acquired a new position in CBOE Holdings during the first quarter worth about $326,000. ProShare Advisors LLC boosted its position in CBOE Holdings by 12.4% in the first quarter. ProShare Advisors LLC now owns 21,004 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,321 shares during the last quarter. Hamilton Lane Advisors LLC acquired a new position in CBOE Holdings during the first quarter worth about $514,000. Finally, State of Alaska Department of Revenue boosted its position in CBOE Holdings by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 9,964 shares of the financial services provider’s stock worth $807,000 after buying an additional 491 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) traded down 0.46% during trading on Friday, hitting $96.23. The stock had a trading volume of 540,038 shares. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 52.61 and a beta of 0.49. The company’s 50 day moving average price is $93.13 and its 200 day moving average price is $84.96. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $97.27.

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 the Thomson Reuters’ 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 net margin of 17.81% and a return on equity of 17.45%. The firm’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Analysts predict that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is 55.25%.

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A number of research analysts have issued reports on the company. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank AG upped their price objective on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. began coverage on CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price objective for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price objective (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. CBOE Holdings presently has an average rating of “Buy” and an average price target of $76.97.

In related news, VP Christopher A. Isaacson sold 7,316 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $89.21, for a total value of $652,660.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the sale, the chairman now owns 80,611 shares in the company, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. Insiders have sold 237,316 shares of company stock valued at $21,150,160 in the last three months. 0.96% of the stock is owned by 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).

Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

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