Profund Advisors LLC trimmed its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 26.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,210 shares of the financial services provider’s stock after selling 776 shares during the quarter. Profund Advisors LLC’s holdings in CBOE Holdings were worth $202,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CBOE. Strs Ohio purchased a new stake in shares of CBOE Holdings in the second quarter worth about $120,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of CBOE Holdings by 1.5% in 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 buying an additional 20 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of CBOE Holdings in the first quarter worth about $180,000. Huntington National Bank purchased a new stake in shares of CBOE Holdings in the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of CBOE Holdings in the second quarter worth about $183,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $108.00 price target on shares of CBOE Holdings in a report on Thursday. Deutsche Bank AG raised their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Monday, October 9th. Finally, Bank of America Corporation raised their target price on shares of CBOE Holdings from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $100.91.
CBOE Holdings, Inc. (NASDAQ CBOE) opened at 110.50 on Monday. The company has a market capitalization of $12.46 billion, a PE ratio of 60.42 and a beta of 0.49. The firm’s 50-day moving average is $105.74 and its 200-day moving average is $92.98. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $110.67.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.60 EPS. Equities analysts anticipate that CBOE Holdings, Inc. will post $3.41 EPS for the current fiscal year.
In other news, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the sale, the director now directly owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank E. Jr. English sold 700 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 4,514 shares in the company, valued at $449,549.26. The disclosure for this sale can be found here. Insiders have sold a total of 218,240 shares of company stock worth $21,417,728 over the last ninety days. Insiders own 1.86% 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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