NorthCoast Asset Management LLC purchased a new position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,534 shares of the financial services provider’s stock, valued at approximately $323,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of CBOE Holdings during the second quarter worth approximately $120,000. Bronfman E.L. Rothschild L.P. increased its position in shares of CBOE Holdings by 1.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Huntington National Bank purchased a new stake in shares of CBOE Holdings during the second quarter worth approximately $182,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of CBOE Holdings during the second quarter worth approximately $183,000. Finally, Royce & Associates LP purchased a new stake in shares of CBOE Holdings during the first quarter worth approximately $180,000. Hedge funds and other institutional investors own 82.49% of the company’s stock.
In other news, Director Frank E. Jr. English sold 700 shares of CBOE Holdings stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the sale, the director now owns 4,514 shares of the company’s stock, valued at $449,549.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher A. Isaacson sold 7,020 shares of CBOE Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $100.61, for a total value of $706,282.20. Following the completion of the sale, the vice president now directly owns 97,897 shares of the company’s stock, valued at approximately $9,849,417.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,240 shares of company stock valued at $20,453,648. Company insiders own 1.86% of the company’s stock.
Several brokerages recently commented on CBOE. Royal Bank Of Canada set a $100.00 price target on CBOE Holdings and gave the stock a “buy” rating in a research report on Monday. Barclays PLC began coverage on CBOE Holdings in a research report on Friday. They set an “equal weight” rating and a $105.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price target on shares of CBOE Holdings in a research report on Thursday, August 24th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG boosted their price target on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CBOE Holdings currently has an average rating of “Buy” and a consensus target price of $80.09.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 104.38 on Tuesday. The stock has a market capitalization of $11.77 billion, a PE ratio of 57.07 and a beta of 0.49. CBOE Holdings, Inc. has a one year low of $61.58 and a one year high of $105.91. The firm has a 50-day moving average price of $97.55 and a 200 day moving average price of $88.00.
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 business had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities analysts expect that CBOE Holdings, Inc. will post $3.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s payout ratio is currently 59.67%.
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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