Oakbrook Investments LLC increased its stake in shares of 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 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of CBOE Holdings by 5.3% in the first quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock worth $7,129,000 after buying an additional 4,461 shares during the period. FMR LLC raised 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 worth $766,920,000 after buying an additional 3,238,234 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of CBOE Holdings by 77.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock worth $446,000 after buying an additional 2,403 shares during the period. State Street Corp raised its stake in shares of CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares during the period. Finally, General Atlantic LLC purchased a new stake in shares of CBOE Holdings during the first quarter worth $230,006,000. 78.61% of the stock is owned by hedge funds and other institutional investors.
CBOE Holdings, Inc. (NASDAQ CBOE) traded down 2.132% during trading on Friday, reaching $92.965. The company had a trading volume of 732,415 shares. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 51.878 and a beta of 0.49. The firm has a 50-day moving average of $91.72 and a 200-day moving average of $84.01. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $95.95.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The firm 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 18.03% and a return on equity of 24.30%. The firm’s 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. On average, analysts anticipate that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.14%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is presently 54.64%.
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A number of brokerages have weighed in on CBOE. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG lifted their price target on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. 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. Finally, Citigroup Inc. initiated coverage on CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.38.
In other news, VP Christopher A. Isaacson sold 7,316 shares of CBOE Holdings stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $89.21, for a total transaction of $652,660.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $86.85, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 237,316 shares of company stock valued at $21,150,160. 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).
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