83,000 Shares in CBOE Holdings, Inc. (CBOE) Acquired by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC bought a new stake in CBOE Holdings, Inc. (NASDAQ:CBOE) during the first quarter, Holdings Channel reports. The institutional investor bought 83,000 shares of the financial services provider’s stock, valued at approximately $6,729,000. CBOE Holdings accounts for approximately 1.3% of Summit Partners Public Asset Management LLC’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock valued at $766,920,000 after buying an additional 3,238,234 shares during the period. Vanguard Group Inc. increased its position in CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock valued at $643,485,000 after buying an additional 1,803,114 shares during the period. BlackRock Inc. increased its position in CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock valued at $397,614,000 after buying an additional 4,855,309 shares during the period. Renaissance Technologies LLC increased its position in CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock valued at $362,164,000 after buying an additional 81,200 shares during the period. Finally, State Street Corp increased its position in CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after buying an additional 1,424,071 shares during the period. 78.86% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

CBOE Holdings, Inc. (NASDAQ:CBOE) traded down 0.74% during trading on Tuesday, reaching $88.96. 997,099 shares of the company traded hands. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $90.29. The company has a market cap of $9.97 billion, a PE ratio of 49.64 and a beta of 0.53. The company’s 50-day moving average is $86.10 and its 200 day moving average is $80.22.

CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. The business had revenue of $193.40 million during the quarter, compared to the consensus estimate of $208.30 million. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. CBOE Holdings’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, May 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 54.64%.

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CBOE has been the topic of several analyst reports. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, April 11th. Royal Bank Of Canada set a $90.00 target price on shares of CBOE Holdings and gave the stock an “outperform” rating in a research report on Friday, May 12th. Deutsche Bank AG lifted their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, April 6th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of CBOE Holdings in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $73.63.

In related news, Director Christopher Mitchell sold 225,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher A. Isaacson sold 7,316 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $89.21, for a total value of $652,660.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,316 shares of company stock valued at $21,543,210. 0.96% of the stock is owned by insiders.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CBOE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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