M&T Bank Corp Boosts Position in CBOE Holdings, Inc. (CBOE)
M&T Bank Corp increased its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,808 shares of the financial services provider’s stock after buying an additional 164 shares during the quarter. M&T Bank Corp’s holdings in CBOE Holdings were worth $1,262,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. California Public Employees Retirement System grew its holdings in shares of CBOE Holdings by 14.3% during the second quarter. California Public Employees Retirement System now owns 225,200 shares of the financial services provider’s stock worth $20,583,000 after buying an additional 28,100 shares in the last quarter. FIL Ltd grew its holdings in shares of CBOE Holdings by 9.7% during the second quarter. FIL Ltd now owns 306,819 shares of the financial services provider’s stock worth $28,043,000 after buying an additional 27,230 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of CBOE Holdings by 4.2% during the second quarter. ETRADE Capital Management LLC now owns 2,961 shares of the financial services provider’s stock worth $271,000 after buying an additional 119 shares in the last quarter. FMR LLC grew its holdings in shares of CBOE Holdings by 16.1% during the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock worth $1,003,557,000 after buying an additional 1,519,882 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of CBOE Holdings by 23.8% during the second 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. Institutional investors and hedge funds own 82.45% of the company’s stock.
In other CBOE Holdings news, Director Frank E. Jr. English sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $99.59, for a total transaction of $69,713.00. Following the completion of the sale, the director now directly owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The disclosure for this sale can be found here. Insiders have sold a total of 214,240 shares of company stock valued at $20,981,248 over the last three months. Corporate insiders own 1.86% of the company’s stock.
CBOE Holdings, Inc. (NASDAQ CBOE) opened at 107.63 on Friday. The firm has a market capitalization of $12.14 billion, a PE ratio of 58.85 and a beta of 0.49. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $108.26. The company’s 50-day moving average price is $99.71 and its 200 day moving average price is $89.27.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts predict that CBOE Holdings, Inc. will post $3.39 earnings per share for the current year.
The business also recently disclosed 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 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 yield of 1.00%. The ex-dividend date was Wednesday, August 30th. CBOE Holdings’s payout ratio is currently 59.67%.
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A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded CBOE Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Royal Bank Of Canada set a $100.00 price objective on CBOE Holdings and gave the stock a “buy” rating in a report on Monday, September 11th. Barclays PLC assumed coverage on CBOE Holdings in a report on Friday, September 8th. They set an “equal weight” rating and a $105.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price objective on shares of CBOE Holdings in a report on Thursday, August 24th. Finally, BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.75.
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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