Nordea Investment Management AB reduced its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 79.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,592 shares of the financial services provider’s stock after selling 17,994 shares during the quarter. Nordea Investment Management AB’s holdings in CBOE Holdings were worth $420,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in CBOE Holdings by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock worth $1,003,557,000 after purchasing an additional 1,519,882 shares during the last quarter. Vanguard Group Inc. grew its holdings in CBOE Holdings by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after purchasing an additional 1,886,113 shares during the last quarter. BlackRock Inc. grew its holdings in CBOE Holdings by 30.7% in the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after purchasing an additional 1,507,072 shares during the last quarter. State Street Corp grew its holdings in 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 purchasing an additional 1,424,071 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in CBOE Holdings by 26.6% in the second quarter. Artisan Partners Limited Partnership now owns 2,268,651 shares of the financial services provider’s stock worth $207,355,000 after purchasing an additional 475,971 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.
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CBOE Holdings, Inc. (NASDAQ CBOE) opened at 108.43 on Wednesday. The firm has a market cap of $12.23 billion, a P/E ratio of 59.28 and a beta of 0.50. The firm has a 50 day moving average of $104.61 and a 200-day moving average of $92.31. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $110.21.
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 Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that CBOE Holdings, Inc. will post $3.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.27 dividend. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. CBOE Holdings’s payout ratio is presently 59.67%.
In other news, Director Carole E. Stone sold 1,520 shares of CBOE Holdings 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 sale, the director now owns 14,241 shares of the company’s stock, valued at $1,383,370.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Jr. English sold 700 shares of CBOE Holdings stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the completion of the sale, the director now directly owns 4,514 shares in the company, valued at approximately $449,549.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,240 shares of company stock worth $20,981,248. Insiders own 1.86% of the company’s stock.
Several equities analysts have issued reports on CBOE shares. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Tuesday, July 4th. Citigroup Inc. started coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target on the stock. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price target (up from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $92.38.
CBOE Holdings 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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