First Quadrant L P CA held its position in CBOE Holdings, Inc. (NASDAQ:CBOE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,395 shares of the financial services provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in CBOE Holdings were worth $493,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CBOE. Shell Asset Management Co. purchased a new position in CBOE Holdings during the first quarter worth $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 purchased a new position in CBOE Holdings during the first quarter worth $514,000. 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. Finally, Hartford Investment Management Co. purchased a new position in CBOE Holdings during the first quarter worth $1,813,000. 79.66% of the stock is owned by institutional investors.
Shares of CBOE Holdings, Inc. (CBOE) opened at 97.19 on Friday. The company’s 50-day moving average is $94.00 and its 200 day moving average is $85.53. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $98.55. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 53.14 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. On average, equities research analysts expect that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.27 per share. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s payout ratio is 55.25%.
A number of equities analysts have weighed in on the stock. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Deutsche Bank AG upped their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. initiated coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price target (up previously from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $76.97.
In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were 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 in the company, valued at $1,383,370.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the transaction, the chairman now owns 80,611 shares in the company, valued at $7,001,065.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 438,836 shares of company stock worth $40,827,813. 0.96% of the stock is owned by company insiders.
CBOE Holdings Company 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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