Korea Investment CORP bought a new position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,300 shares of the financial services provider’s stock, valued at approximately $5,968,000. Korea Investment CORP owned about 0.06% of CBOE Holdings at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of CBOE Holdings during the second quarter worth about $120,000. TrimTabs Asset Management LLC boosted its stake in shares of CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock worth $128,000 after buying an additional 744 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of CBOE Holdings during the first quarter worth about $180,000. Huntington National Bank acquired a new stake in shares of CBOE Holdings during the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of CBOE Holdings during the second quarter worth about $183,000. 78.39% of the stock is owned by institutional investors.
CBOE Holdings, Inc. (NASDAQ CBOE) opened at 96.67 on Friday. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $97.24. The company has a market cap of $10.90 billion, a PE ratio of 52.85 and a beta of 0.49. The stock has a 50 day moving average of $92.91 and a 200-day moving average of $84.82.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The firm 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 company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, equities research analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current fiscal year.
The firm also recently declared 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 represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is 55.25%.
A number of brokerages have recently issued reports on CBOE. Citigroup Inc. assumed coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 target price for the company. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective for the company in a research report on Friday, May 12th. BidaskClub cut shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price objective (up previously from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.97.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.85, for a total value of $434,250.00. Following the completion of the sale, the chairman now owns 80,611 shares in the company, valued at approximately $7,001,065.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher A. Isaacson sold 7,316 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 237,316 shares of company stock valued at $21,150,160. Corporate insiders own 0.96% of the company’s stock.
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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