Schroder Investment Management Group lowered its position in shares of CBOE Holdings Inc. (NASDAQ:CBOE) by 41.2% during the second quarter, Holdings Channel reports. The firm owned 15,559 shares of the company’s stock after selling 10,903 shares during the period. Schroder Investment Management Group’s holdings in CBOE Holdings were worth $1,037,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock worth $289,850,000 after buying an additional 37,000 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of CBOE Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,801 shares of the company’s stock worth $159,000,000 after buying an additional 9,704 shares during the period. State Street Corp boosted its stake in shares of CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock worth $141,096,000 after buying an additional 21,575 shares during the period. Lazard Asset Management LLC boosted 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. Finally, William Blair Investment Management LLC boosted its stake in shares of CBOE Holdings by 2.4% in the second quarter. William Blair Investment Management LLC now owns 1,710,881 shares of the company’s stock worth $113,979,000 after buying an additional 39,704 shares during the period. 74.20% of the stock is currently owned by institutional investors and hedge funds.
CBOE Holdings Inc. (NASDAQ:CBOE) traded up 1.28% during midday trading on Friday, reaching $70.30. 1,874,760 shares of the company’s stock traded hands. The firm has a market cap of $5.71 billion, a PE ratio of 26.59 and a beta of 0.54. CBOE Holdings Inc. has a 52-week low of $58.43 and a 52-week high of $72.53. The firm’s 50-day moving average is $68.58 and its 200 day moving average is $66.04.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that CBOE Holdings Inc. will post $2.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s payout ratio is 37.88%.
CBOE has been the topic of a number of research analyst reports. Deutsche Bank AG upped their price target on shares of CBOE Holdings from $67.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, September 9th. Barclays PLC reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. Zacks Investment Research raised shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Finally, Bank of America Corp. cut shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.73.
In other CBOE Holdings 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 value of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares in the company, valued at $4,995,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.
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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