CBOE Holdings, Inc. (CBOE) Shares Bought by Great Lakes Advisors LLC
Great Lakes Advisors LLC increased its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 13.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,881 shares of the financial services provider’s stock after buying an additional 5,472 shares during the period. Great Lakes Advisors LLC’s holdings in CBOE Holdings were worth $4,194,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC bought a new position in CBOE Holdings during the first quarter valued at $6,520,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in 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. ING Groep NV bought a new position in CBOE Holdings during the first quarter valued at $380,000. Cookson Peirce & Co. Inc. bought a new position in CBOE Holdings during the first quarter valued at $300,000. Finally, KAMES CAPITAL plc bought a new position in CBOE Holdings during the first quarter valued at $1,084,000. Institutional investors own 79.66% of the company’s stock.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) opened at 99.77 on Friday. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $99.99. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 54.55 and a beta of 0.49. The firm’s 50-day moving average is $94.99 and its 200 day moving average is $86.38.
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. 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 business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.08%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is presently 55.25%.
Several research analysts recently commented on CBOE shares. Jefferies Group LLC restated a “hold” rating and set a $92.00 target price on shares of CBOE Holdings in a report on Thursday. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Deutsche Bank AG increased their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. started coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CBOE Holdings has an average rating of “Buy” and a consensus target price of $76.97.
In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $86.85, for a total value of $434,250.00. Following the transaction, the chairman now directly owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Insiders sold 438,836 shares of company stock worth $40,827,813 over the last three months. Insiders own 0.96% of the company’s stock.
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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