Louisiana State Employees Retirement System increased its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,700 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in CBOE Holdings were worth $521,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CBOE. TrimTabs Asset Management LLC raised 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 valued at $128,000 after buying an additional 744 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of CBOE Holdings during the second quarter valued at approximately $183,000. Royce & Associates LP bought a new stake in shares of CBOE Holdings during the first quarter valued at approximately $180,000. Oppenheimer & Co. Inc. bought a new stake in shares of CBOE Holdings during the first quarter valued at approximately $201,000. Finally, Soros Fund Management LLC bought a new stake in shares of CBOE Holdings during the first quarter valued at approximately $227,000. 78.39% of the stock is currently owned by institutional investors and hedge funds.
CBOE Holdings, Inc. (CBOE) traded down 0.65% during mid-day trading on Friday, reaching $96.04. 213,079 shares of the company were exchanged. CBOE Holdings, Inc. has a one year low of $61.58 and a one year high of $97.27. The stock has a 50 day moving average of $92.91 and a 200-day moving average of $84.82. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 52.51 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. During the same period last year, the firm posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, equities analysts expect that CBOE Holdings, Inc. will post $3.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. CBOE Holdings’s dividend payout ratio (DPR) is 55.25%.
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Several analysts have commented on the stock. Deutsche Bank AG lifted their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target (up previously from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Finally, Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $76.97.
In related news, 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 value of $652,660.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 237,316 shares of company stock valued at $21,150,160. 0.96% of the stock is currently owned by insiders.
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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