Legal & General Group Plc Has $11.07 Million Position in CBOE Holdings, Inc. (CBOE)
Legal & General Group Plc lifted its stake in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 145.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,151 shares of the financial services provider’s stock after buying an additional 71,756 shares during the period. Legal & General Group Plc owned about 0.11% of CBOE Holdings worth $11,074,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. State of Wisconsin Investment Board boosted its position in CBOE Holdings by 418.0% in the second quarter. State of Wisconsin Investment Board now owns 88,049 shares of the financial services provider’s stock worth $8,048,000 after purchasing an additional 71,050 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in CBOE Holdings in the second quarter worth $3,500,000. Rhumbline Advisers boosted its position in CBOE Holdings by 18.5% in the second quarter. Rhumbline Advisers now owns 214,479 shares of the financial services provider’s stock worth $19,603,000 after purchasing an additional 33,485 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in CBOE Holdings in the second quarter worth $552,000. Finally, First Trust Advisors LP boosted its position in CBOE Holdings by 115.1% in the second quarter. First Trust Advisors LP now owns 145,944 shares of the financial services provider’s stock worth $13,339,000 after purchasing an additional 78,107 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price objective on shares of CBOE Holdings in a research report on Thursday, August 24th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. 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. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $78.53.
In other CBOE Holdings news, Director Frank E. Jr. English sold 700 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $99.59, for a total transaction of $69,713.00. Following the sale, the director now directly owns 4,514 shares of the company’s stock, valued at $449,549.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher Mitchell sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were 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. Over the last three months, insiders have sold 434,536 shares of company stock worth $40,463,276. Insiders own 1.86% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ CBOE) opened at 100.94 on Monday. The firm 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 52 week low of $61.58 and a 52 week high of $101.35. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 55.19 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Zacks’ 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 quarterly revenue was up 85.2% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. Analysts anticipate that CBOE Holdings, Inc. will post $3.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 30th. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.07%. CBOE Holdings’s dividend payout ratio (DPR) is currently 59.67%.
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CBOE Holdings 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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