Advisors Asset Management Inc. boosted its stake in shares of CBOE Holdings Inc. (NASDAQ:CBOE) by 22.7% during the second quarter, Holdings Channel reports. The institutional investor owned 13,673 shares of the company’s stock after buying an additional 2,533 shares during the period. Advisors Asset Management Inc.’s holdings in CBOE Holdings were worth $911,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of CBOE Holdings during the fourth quarter valued at approximately $45,780,000. OLD National Bancorp IN raised its position in shares of CBOE Holdings by 6.1% in the first quarter. OLD National Bancorp IN now owns 6,553 shares of the company’s stock valued at $428,000 after buying an additional 378 shares in the last quarter. Aperio Group LLC raised its position in shares of CBOE Holdings by 5.5% in the first quarter. Aperio Group LLC now owns 31,110 shares of the company’s stock valued at $2,032,000 after buying an additional 1,621 shares in the last quarter. Outfitter Advisors LTD. raised its position in shares of CBOE Holdings by 1.5% in the first quarter. Outfitter Advisors LTD. now owns 57,330 shares of the company’s stock valued at $3,745,000 after buying an additional 820 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of CBOE Holdings by 66.4% in the first quarter. BlackRock Group LTD now owns 75,519 shares of the company’s stock valued at $4,934,000 after buying an additional 30,147 shares in the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.
CBOE Holdings Inc. (NASDAQ:CBOE) traded down 0.62% during midday trading on Thursday, hitting $69.31. The company had a trading volume of 209,588 shares. The firm has a 50-day moving average price of $68.52 and a 200-day moving average price of $65.97. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 26.21 and a beta of 0.54. CBOE Holdings Inc. has a 12 month low of $58.43 and a 12 month high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. CBOE Holdings’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Equities analysts anticipate that CBOE Holdings Inc. will post $2.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s payout ratio is 37.88%.
CBOE has been the topic of several research reports. Zacks Investment Research lowered CBOE Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Deutsche Bank AG reiterated a “hold” rating on shares of CBOE Holdings in a research note on Sunday, June 26th. Barclays PLC lifted their target price on CBOE Holdings from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $61.00 target price on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and cut their target price for the company from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.73.
In other news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction on Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.
About CBOE Holdings
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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