Ameriprise Financial Inc. Has $17.08 Million Stake in CBOE Holdings, Inc. (CBOE)

Ameriprise Financial Inc. reduced its holdings in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,702 shares of the financial services provider’s stock after selling 26,705 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.14% of CBOE worth $17,079,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CBOE. Strs Ohio acquired a new stake in shares of CBOE in the 2nd quarter valued at about $120,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of CBOE by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Winslow Evans & Crocker Inc. boosted its position in shares of CBOE by 720.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 1,656 shares during the period. Global X MANAGEMENT CO LLC boosted its position in shares of CBOE by 329.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,896 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 1,454 shares during the period. Finally, W. E. Donoghue & Co. LLC acquired a new stake in shares of CBOE in the 2nd quarter valued at about $203,000. 84.07% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on CBOE. Zacks Investment Research cut CBOE from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 price objective on shares of CBOE in a research note on Tuesday, October 3rd. Royal Bank of Canada downgraded CBOE from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $100.00 to $108.00 in a research note on Monday, October 16th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $120.00 price objective (up from $106.00) on shares of CBOE in a research note on Thursday, October 5th. They noted that the move was a valuation call. Finally, Deutsche Bank upped their price objective on CBOE from $106.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. CBOE currently has an average rating of “Hold” and an average target price of $107.50.

CBOE Holdings, Inc. (NASDAQ CBOE) opened at $126.28 on Thursday. The stock has a market capitalization of $14,335.39, a P/E ratio of 39.86, a PEG ratio of 2.12 and a beta of 0.52. CBOE Holdings, Inc. has a one year low of $72.54 and a one year high of $128.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57.

CBOE (NASDAQ:CBOE) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $269.70 million during the quarter, compared to the consensus estimate of $270.14 million. CBOE had a return on equity of 14.70% and a net margin of 10.55%. The company’s revenue for the quarter was up 98.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. research analysts anticipate that CBOE Holdings, Inc. will post 3.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 30th. CBOE’s payout ratio is currently 58.70%.

In related news, VP Christopher A. Isaacson sold 7,019 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $124.42, for a total value of $873,303.98. Following the completion of the transaction, the vice president now directly owns 90,229 shares of the company’s stock, valued at approximately $11,226,292.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $126.28, for a total value of $631,400.00. Following the completion of the transaction, the chairman now directly owns 70,611 shares of the company’s stock, valued at $8,916,757.08. The disclosure for this sale can be found here. Insiders sold a total of 16,989 shares of company stock valued at $2,059,320 over the last ninety days. 1.86% of the stock is currently owned by company insiders.

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CBOE Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Institutional Ownership by Quarter for CBOE (NASDAQ:CBOE)

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