Sumitomo Mitsui Trust Holdings Inc. Raises Stake in CBOE Holdings, Inc. (CBOE)
Sumitomo Mitsui Trust Holdings Inc. raised its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 6,258.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,880 shares of the financial services provider’s stock after buying an additional 344,377 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of CBOE Holdings worth $31,979,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio purchased a new position in CBOE Holdings during the second quarter valued at $120,000. TrimTabs Asset Management LLC increased its position in 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 during the period. Royce & Associates LP purchased a new position in CBOE Holdings during the first quarter valued at $180,000. Huntington National Bank purchased a new position in CBOE Holdings during the second quarter valued at $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CBOE Holdings during the second quarter valued at $183,000. Institutional investors and hedge funds own 82.48% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ CBOE) opened at 100.15 on Tuesday. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $100.44. The stock has a market capitalization of $11.29 billion, a P/E ratio of 54.76 and a beta of 0.49. The company’s 50-day moving average is $94.99 and its 200-day moving average is $86.38.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Equities analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.08%. CBOE Holdings’s dividend payout ratio is presently 55.25%.
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Several research analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 target price on shares of CBOE Holdings in a research report on Thursday, August 24th. Deutsche Bank AG lifted their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Finally, Zacks Investment Research downgraded 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 given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $76.97.
In other news, Director Carole E. Stone sold 1,520 shares of the stock in a transaction 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 completion of the transaction, the director now owns 14,241 shares in the company, valued at approximately $1,383,370.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Mitchell sold 200,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $97.65, for a total value of $19,530,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 438,836 shares of company stock valued at $40,827,813 in the last quarter. 1.86% of the stock is 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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