Victory Capital Management Inc. raised its position in shares of CBOE Holdings Inc. (NASDAQ:CBOE) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,403 shares of the company’s stock after buying an additional 550 shares during the period. Victory Capital Management Inc.’s holdings in CBOE Holdings were worth $693,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Lazard Asset Management LLC raised its stake in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares during the period. Norges Bank acquired a new stake in shares of CBOE Holdings during the fourth quarter worth $45,780,000. Emerald Acquisition Ltd. acquired a new stake in shares of CBOE Holdings during the second quarter worth $28,426,000. UBS Asset Management Americas Inc. raised its stake in shares of CBOE Holdings by 537.5% in the second quarter. UBS Asset Management Americas Inc. now owns 365,071 shares of the company’s stock worth $24,321,000 after buying an additional 307,808 shares during the period. Finally, UBS Group AG raised its stake in shares of CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock worth $14,954,000 after buying an additional 138,933 shares during the period. Hedge funds and other institutional investors own 74.20% of the company’s stock.
CBOE Holdings Inc. (NASDAQ:CBOE) traded up 0.545% during mid-day trading on Tuesday, reaching $66.953. The company had a trading volume of 1,263,042 shares. CBOE Holdings Inc. has a 52-week low of $58.43 and a 52-week high of $72.53. The company’s 50 day moving average is $68.52 and its 200 day moving average is $66.06. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.323 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, July 29th. The company reported $0.60 EPS 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 net margin of 32.55% and a return on equity of 81.50%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities analysts predict that CBOE Holdings Inc. will post $2.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s payout ratio is presently 37.88%.
CBOE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered CBOE Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Credit Suisse Group AG restated a “sell” rating and set a $60.00 price objective on shares of CBOE Holdings in a research note on Monday. Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and lowered their price objective 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. Barclays PLC reaffirmed an “underweight” rating and set a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. Finally, Deutsche Bank AG increased their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a “hold” rating in a report on Friday, September 9th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $65.33.
In other news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the completion of the sale, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.96% 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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