HighTower Advisors LLC raised its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,757 shares of the financial services provider’s stock after buying an additional 564 shares during the period. HighTower Advisors LLC’s holdings in CBOE Holdings were worth $7,440,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in shares of CBOE Holdings by 272.9% in the fourth quarter. AQR Capital Management LLC now owns 50,602 shares of the financial services provider’s stock valued at $3,739,000 after buying an additional 37,032 shares during the period. Norges Bank acquired a new position in shares of CBOE Holdings during the fourth quarter valued at $51,044,000. Sumitomo Mitsui Trust Holdings Inc. increased its position 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 valued at $446,000 after buying an additional 2,403 shares during the period. Paulson & CO. Inc. acquired a new position in shares of CBOE Holdings during the fourth quarter valued at $2,838,000. Finally, FMR LLC increased its position 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 valued at $766,920,000 after buying an additional 3,238,234 shares during the period. Institutional investors own 78.86% of the company’s stock.
Shares of CBOE Holdings, Inc. (CBOE) traded down 0.16% during mid-day trading on Wednesday, reaching $88.82. The company had a trading volume of 609,585 shares. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $90.29. The stock has a market capitalization of $9.95 billion, a P/E ratio of 49.56 and a beta of 0.53. The company’s 50-day moving average is $86.28 and its 200 day moving average is $80.34.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $208.30 million. CBOE Holdings had a net margin of 18.03% and a return on equity of 24.30%. CBOE Holdings’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Analysts anticipate that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. CBOE Holdings’s dividend payout ratio is currently 54.64%.
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Several research analysts have weighed in on CBOE shares. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of CBOE Holdings in a report on Monday, April 10th. Deutsche Bank AG boosted their price target on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, April 6th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $90.00 price target on CBOE Holdings and gave the company an “outperform” rating in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.63.
In other news, Director Christopher Mitchell sold 225,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher A. Isaacson sold 7,316 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $89.21, for a total transaction of $652,660.36. The disclosure for this sale can be found here. Insiders have sold a total of 242,316 shares of company stock worth $21,543,210 in the last 90 days. 0.96% of the stock is owned by 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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