Oakbrook Investments LLC raised its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 97.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,420 shares of the financial services provider’s stock after buying an additional 3,670 shares during the period. Oakbrook Investments LLC’s holdings in CBOE Holdings were worth $678,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in CBOE Holdings during the fourth quarter worth $3,153,000. Pekin Singer Strauss Asset Management IL raised its position in CBOE Holdings by 9.6% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 5,823 shares of the financial services provider’s stock worth $430,000 after buying an additional 509 shares during the period. Teachers Advisors LLC raised its position in CBOE Holdings by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 79,370 shares of the financial services provider’s stock worth $5,865,000 after buying an additional 1,934 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new position in CBOE Holdings during the first quarter worth $6,411,000. Finally, Creative Planning raised its position in CBOE Holdings by 3.3% in the first quarter. Creative Planning now owns 19,086 shares of the financial services provider’s stock worth $1,547,000 after buying an additional 610 shares during the period. 79.66% of the stock is owned by hedge funds and other institutional investors.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) traded down 0.92% during midday trading on Friday, reaching $96.30. The company’s stock had a trading volume of 1,240,866 shares. The stock’s 50 day moving average price is $94.15 and its 200 day moving average price is $85.66. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 52.65 and a beta of 0.49. CBOE Holdings, Inc. has a one year low of $61.58 and a one year high of $98.55.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. Analysts predict that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.27 dividend. 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 yield of 1.12%. CBOE Holdings’s dividend payout ratio is currently 55.25%.
A number of equities analysts have recently weighed in on CBOE shares. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada set a $90.00 price objective on CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG increased their price target on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, Citigroup Inc. initiated coverage on CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. CBOE Holdings currently has an average rating of “Buy” and a consensus target price of $76.97.
In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the business’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 value of $434,250.00. Following the sale, the chairman now owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Mitchell sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $97.65, for a total value of $19,530,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 438,836 shares of company stock worth $40,827,813. 0.96% of the stock is owned by corporate 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).
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