Zurcher Kantonalbank Zurich Cantonalbank Buys 90,370 Shares of CBOE Holdings, Inc. (CBOE)
Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 2,533.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,937 shares of the financial services provider’s stock after buying an additional 90,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of CBOE Holdings worth $8,586,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC increased its stake in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock valued at $766,920,000 after buying an additional 3,238,234 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock valued at $643,485,000 after buying an additional 1,803,114 shares during the last quarter. BlackRock Inc. increased its stake in shares of CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after buying an additional 4,855,309 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock valued at $362,164,000 after buying an additional 81,200 shares during the last quarter. Finally, State Street Corp increased its stake in shares of CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after buying an additional 1,424,071 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.
Shares of CBOE Holdings, Inc. (CBOE) opened at 100.27 on Thursday. The firm has a 50-day moving average price of $94.99 and a 200 day moving average price of $86.38. The company has a market capitalization of $11.31 billion, a P/E ratio of 54.82 and a beta of 0.49. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $100.57.
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 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 company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. On average, equities research analysts predict that CBOE Holdings, Inc. will post $3.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.27 dividend. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is presently 55.25%.
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Several analysts have weighed in on CBOE shares. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Deutsche Bank AG boosted their target price on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada set a $90.00 target price on CBOE Holdings and gave the company an “outperform” rating in a research note on Friday, May 12th. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $92.00 target price on shares of CBOE Holdings in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $76.97.
In related 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 value of $147,652.80. Following the transaction, the director now owns 14,241 shares of the company’s stock, valued at $1,383,370.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Jr. English sold 700 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the transaction, the director now directly owns 4,514 shares in the company, valued at approximately $449,549.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,536 shares of company stock worth $40,897,526. 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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