Utah Retirement Systems Buys 5,500 Shares of CBOE Holdings, Inc. (CBOE)
Utah Retirement Systems increased its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 37.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,242 shares of the financial services provider’s stock after buying an additional 5,500 shares during the period. Utah Retirement Systems’ holdings in CBOE Holdings were worth $1,850,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. FMR LLC raised 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 worth $766,920,000 after buying an additional 3,238,234 shares in the last quarter. Vanguard Group Inc. raised 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 worth $643,485,000 after buying an additional 1,803,114 shares in the last quarter. BlackRock Inc. raised 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 worth $397,614,000 after buying an additional 4,855,309 shares in the last quarter. Renaissance Technologies LLC raised 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 worth $362,164,000 after buying an additional 81,200 shares in the last quarter. Finally, State Street Corp raised 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 worth $284,612,000 after buying an additional 1,424,071 shares in the last quarter. 82.48% of the stock is owned by hedge funds and other institutional investors.
CBOE Holdings, Inc. (CBOE) opened at 100.94 on Friday. The company has a 50-day moving average price of $96.09 and a 200 day moving average price of $87.17. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $101.35. The stock has a market cap of $11.38 billion, a P/E ratio of 55.19 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results 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. 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 last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. Equities analysts expect that CBOE Holdings, Inc. will post $3.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.07%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is currently 59.67%.
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A number of equities analysts have recently weighed in on the company. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG boosted their target price on CBOE Holdings from $88.00 to $89.00 and gave the stock 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 stock an “outperform” rating in a research note on Friday, May 12th. Zacks Investment Research downgraded CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $92.00 target price on shares of CBOE Holdings in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.53.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the sale, the chairman now owns 80,611 shares in the company, valued at $7,001,065.35. The sale was disclosed in a 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 that occurred 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. Insiders sold 439,536 shares of company stock worth $40,897,526 in the last 90 days. 1.86% 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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