Korea Investment CORP purchased a new position in CBOE Holdings, Inc. (NASDAQ:CBOE) during the second quarter, Holdings Channel reports. The fund purchased 65,300 shares of the financial services provider’s stock, valued at approximately $5,968,000.
A number of other institutional investors also recently made changes to their positions in the company. Nikko Asset Management Americas Inc. boosted its position in shares of CBOE Holdings by 65.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 5,300 shares of the financial services provider’s stock worth $430,000 after buying an additional 2,100 shares during the period. Shell Asset Management Co. bought a new position in shares of CBOE Holdings during the first quarter worth approximately $326,000. ProShare Advisors LLC boosted its position in shares of CBOE Holdings by 12.4% in the first quarter. ProShare Advisors LLC now owns 21,004 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,321 shares during the period. Hamilton Lane Advisors LLC bought a new position in shares of CBOE Holdings during the first quarter worth approximately $514,000. Finally, State of Alaska Department of Revenue boosted its position in shares of CBOE Holdings by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 9,964 shares of the financial services provider’s stock worth $807,000 after buying an additional 491 shares during the period. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 96.67 on Friday. The stock has a market capitalization of $10.90 billion, a PE ratio of 52.85 and a beta of 0.49. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $97.24. The company has a 50-day moving average price of $92.91 and a 200 day moving average price of $84.82.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $266.22 million. During the same period last year, the company earned $0.60 EPS. CBOE Holdings’s quarterly revenue was up 85.2% compared to the same quarter last year. Equities analysts forecast that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.27 per share. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is currently 55.25%.
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A number of brokerages have commented on CBOE. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank AG lifted their price target on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. began coverage on CBOE Holdings in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.97.
In related news, VP Christopher A. Isaacson sold 7,316 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the firm’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 value of $434,250.00. Following the sale, the chairman now directly owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The disclosure for this sale can be found here. Insiders have sold a total of 237,316 shares of company stock valued at $21,150,160 over the last three months. 0.96% of the stock is owned by corporate 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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