CBOE Holdings, Inc. (CBOE) Stake Raised by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can raised its position in CBOE Holdings, Inc. (NASDAQ:CBOE) by 87.6% during the second quarter, Holdings Channel reports. The fund owned 46,896 shares of the financial services provider’s stock after buying an additional 21,895 shares during the period. Great West Life Assurance Co. Can’s holdings in CBOE Holdings were worth $4,283,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in CBOE Holdings by 4.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 19,734 shares of the financial services provider’s stock worth $1,804,000 after buying an additional 904 shares during the last quarter. Strs Ohio acquired a new stake in CBOE Holdings during the second quarter worth $120,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in CBOE Holdings during the second quarter worth $731,000. Shell Asset Management Co. boosted its stake in CBOE Holdings by 496.2% in the second quarter. Shell Asset Management Co. now owns 23,996 shares of the financial services provider’s stock worth $2,193,000 after buying an additional 19,971 shares during the last quarter. Finally, ING Groep NV boosted its stake in CBOE Holdings by 0.6% in the second quarter. ING Groep NV now owns 4,716 shares of the financial services provider’s stock worth $431,000 after buying an additional 26 shares during the last quarter. 79.66% of the stock is owned by hedge funds and other institutional investors.
CBOE Holdings, Inc. (CBOE) opened at 97.54 on Wednesday. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 53.33 and a beta of 0.49. The firm’s 50 day moving average price is $93.59 and its 200-day moving average price is $85.35. CBOE Holdings, Inc. has a 1-year low of $61.58 and a 1-year high of $98.06.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 85.2% 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 year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid 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 of this dividend is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. CBOE Holdings’s dividend payout ratio is 55.25%.
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A number of analysts have recently weighed in on the company. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Deutsche Bank AG raised their price objective on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price objective (up previously from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $76.97.
In other news, VP Christopher A. Isaacson sold 7,316 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the sale, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. Insiders have sold 237,316 shares of company stock valued at $21,150,160 in the last quarter. Insiders own 0.96% of the company’s stock.
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).
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