Teachers Retirement System of The State of Kentucky decreased its holdings in CBOE Holdings, Inc. (NASDAQ:CBOE) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,170 shares of the financial services provider’s stock after selling 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CBOE Holdings were worth $1,204,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its stake in CBOE Holdings by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock worth $1,003,557,000 after purchasing an additional 1,519,882 shares during the period. Vanguard Group Inc. grew its position in shares of CBOE Holdings by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after buying an additional 1,886,113 shares in the last quarter. BlackRock Inc. grew its position in shares of CBOE Holdings by 30.7% during the 2nd quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after buying an additional 1,507,072 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of CBOE Holdings by 1.9% during the 1st quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock worth $362,164,000 after buying an additional 81,200 shares in the last quarter. Finally, State Street Corp grew its position in shares of CBOE Holdings by 68.2% during the 1st quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
Shares of CBOE Holdings, Inc. (CBOE) opened at 108.17 on Monday. The company’s 50-day moving average price is $103.92 and its 200-day moving average price is $91.71. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $110.21. The company has a market cap of $12.20 billion, a P/E ratio of 59.14 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The firm had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. Equities analysts forecast that CBOE Holdings, Inc. will post $3.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.00%. CBOE Holdings’s dividend payout ratio is 59.67%.
In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the sale, the director now owns 14,241 shares in the company, valued at approximately $1,383,370.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $105.52, for a total value of $527,600.00. Following the sale, the chairman now owns 75,611 shares in the company, valued at approximately $7,978,472.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,240 shares of company stock worth $20,981,248. 1.86% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on CBOE shares. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price target on shares of CBOE Holdings in a research report on Thursday, August 24th. Barclays PLC started coverage on CBOE Holdings in a research report on Friday, September 8th. They set an “equal weight” rating and a $105.00 price target on the stock. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $100.00 price target on CBOE Holdings and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $120.00 price target (up previously from $106.00) on shares of CBOE Holdings in a research report on Thursday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $88.04.
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CBOE Holdings 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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