World Asset Management Inc lowered its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,967 shares of the financial services provider’s stock after selling 794 shares during the period. World Asset Management Inc’s holdings in CBOE Holdings were worth $820,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Gateway Investment Advisers LLC raised its position in CBOE Holdings by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock worth $511,000 after buying an additional 16 shares during the last quarter. ING Groep NV raised its position in CBOE Holdings by 0.6% in the second quarter. ING Groep NV now owns 4,716 shares of the financial services provider’s stock worth $431,000 after buying an additional 26 shares during the last quarter. CIBC Asset Management Inc raised its position in CBOE Holdings by 0.3% in the second quarter. CIBC Asset Management Inc now owns 8,173 shares of the financial services provider’s stock worth $747,000 after buying an additional 26 shares during the last quarter. North Star Investment Management Corp. raised its position in CBOE Holdings by 0.9% in the second quarter. North Star Investment Management Corp. now owns 9,672 shares of the financial services provider’s stock worth $884,000 after buying an additional 84 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in CBOE Holdings by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the financial services provider’s stock worth $521,000 after buying an additional 100 shares during the last quarter. Institutional investors own 78.39% of the company’s stock.

Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 93.50 on Monday. The company’s 50-day moving average is $91.72 and its 200-day moving average is $84.01. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $95.95. The stock has a market cap of $10.48 billion, a P/E ratio of 52.18 and a beta of 0.49.

CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The company had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $266.22 million. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. Equities analysts expect that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, August 30th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s payout ratio is 55.25%.

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A number of research firms have weighed in on CBOE. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG upped their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target (up 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 assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $76.38.

In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, June 5th. The shares were sold at an average price of $86.85, for a total transaction of $434,250.00. Following the sale, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction on Friday, June 9th. The stock was 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. In the last ninety days, insiders have sold 237,316 shares of company stock worth $21,150,160. 0.96% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

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