Chase Investment Counsel Corp Sells 2,915 Shares of CBOE Holdings, Inc. (CBOE)
Chase Investment Counsel Corp reduced its holdings in CBOE Holdings, Inc. (NASDAQ:CBOE) by 15.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,067 shares of the financial services provider’s stock after selling 2,915 shares during the period. Chase Investment Counsel Corp’s holdings in CBOE Holdings were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of CBOE. Teachers Advisors LLC grew its stake in shares of CBOE Holdings by 29.1% in the 1st quarter. Teachers Advisors LLC now owns 102,444 shares of the financial services provider’s stock worth $8,305,000 after buying an additional 23,074 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CBOE Holdings by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 404,819 shares of the financial services provider’s stock worth $32,816,000 after buying an additional 33,072 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of CBOE Holdings by 14.4% in the 1st quarter. AQR Capital Management LLC now owns 57,893 shares of the financial services provider’s stock worth $4,693,000 after buying an additional 7,291 shares in the last quarter. Janus Capital Management LLC grew its stake in shares of CBOE Holdings by 9.3% in the 1st quarter. Janus Capital Management LLC now owns 98,501 shares of the financial services provider’s stock worth $7,985,000 after buying an additional 8,353 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of CBOE Holdings in the 2nd quarter worth $183,000. 81.88% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on CBOE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. BidaskClub cut shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.36.
In related news, VP Christopher A. Isaacson sold 7,020 shares of CBOE Holdings stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $100.61, for a total transaction of $706,282.20. Following the completion of the sale, the vice president now owns 97,897 shares in the company, valued at approximately $9,849,417.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank E. Jr. English sold 700 shares of CBOE Holdings stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the sale, the director now owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The disclosure for this sale can be found here. Insiders have sold a total of 218,240 shares of company stock valued at $21,417,728 in the last quarter. 1.86% of the stock is currently owned by company insiders.
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Shares of CBOE Holdings, Inc. (NASDAQ CBOE) traded up $0.44 on Friday, reaching $114.57. 153,002 shares of the company were exchanged, compared to its average volume of 1,091,470. CBOE Holdings, Inc. has a one year low of $66.99 and a one year high of $116.56. The company has a market cap of $12,930.00, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.90 and a beta of 0.49. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.46.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. CBOE Holdings had a net margin of 13.37% and a return on equity of 14.70%. The company had revenue of $269.70 million during the quarter, compared to analyst estimates of $270.14 million. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 98.0% on a year-over-year basis. equities analysts predict that CBOE Holdings, Inc. will post 3.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.94%. CBOE Holdings’s payout ratio is 58.38%.
CBOE Holdings Profile
Cboe Global Markets, Inc, formerly 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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