Alliancebernstein L.P. raised its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 160.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 144,173 shares of the financial services provider’s stock after buying an additional 88,842 shares during the period. Alliancebernstein L.P.’s holdings in CBOE Holdings were worth $11,688,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of CBOE Holdings by 272.9% in the fourth quarter. AQR Capital Management LLC now owns 50,602 shares of the financial services provider’s stock valued at $3,739,000 after buying an additional 37,032 shares during the last quarter. Norges Bank acquired a new position in shares of CBOE Holdings during the fourth quarter valued at about $51,044,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of CBOE Holdings by 77.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock valued at $446,000 after buying an additional 2,403 shares during the last quarter. Paulson & CO. Inc. acquired a new position in shares of CBOE Holdings during the fourth quarter valued at about $2,838,000. Finally, Bank of Montreal Can boosted its position in shares of CBOE Holdings by 136.7% in the first quarter. Bank of Montreal Can now owns 51,883 shares of the financial services provider’s stock valued at $4,207,000 after buying an additional 29,960 shares during the last quarter. Institutional investors own 78.86% of the company’s stock.
CBOE Holdings, Inc. (CBOE) traded down 0.56% during mid-day trading on Tuesday, hitting $89.12. 41,956 shares of the stock were exchanged. The firm has a market cap of $9.99 billion, a P/E ratio of 49.73 and a beta of 0.53. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $90.29. The company has a 50 day moving average of $86.10 and a 200 day moving average of $80.22.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.10. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. The business had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $208.30 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that CBOE Holdings, Inc. will post $3.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, May 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 54.64%.
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Several research analysts have issued reports on CBOE shares. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price on shares of CBOE Holdings in a report on Monday, April 10th. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG increased their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Finally, Royal Bank Of Canada set a $90.00 target price on shares of CBOE Holdings and gave the stock an “outperform” rating in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. CBOE Holdings has a consensus rating of “Buy” and an average price target of $73.63.
In other news, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the sale, the chairman now owns 80,611 shares in the company, valued at $7,001,065.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Insiders have sold 242,316 shares of company stock valued at $21,543,210 in the last 90 days. 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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