Pictet Asset Management Ltd. Raises Position in CBOE Holdings, Inc. (CBOE)
Pictet Asset Management Ltd. boosted its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,140 shares of the financial services provider’s stock after purchasing an additional 3,740 shares during the period. Pictet Asset Management Ltd.’s holdings in CBOE Holdings were worth $5,612,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. FMR LLC lifted its stake in CBOE Holdings by 16.1% in the 2nd quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after purchasing an additional 1,519,882 shares during the last quarter. Vanguard Group Inc. lifted its stake in CBOE Holdings by 23.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after purchasing an additional 1,886,113 shares during the last quarter. BlackRock Inc. lifted its stake in CBOE Holdings by 30.7% in the 2nd quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after purchasing an additional 1,507,072 shares during the last quarter. State Street Corp lifted its stake in CBOE Holdings by 17.2% in the 2nd quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after purchasing an additional 604,328 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in CBOE Holdings by 26.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,268,651 shares of the financial services provider’s stock valued at $207,355,000 after purchasing an additional 475,971 shares during the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.
In related news, VP Christopher A. Isaacson sold 7,020 shares of CBOE Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $100.61, for a total transaction of $706,282.20. Following the completion of the transaction, the vice president now owns 97,897 shares of the company’s stock, valued at $9,849,417.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carole E. Stone sold 1,520 shares of CBOE Holdings stock in a transaction on Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the transaction, the director now directly owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold 218,240 shares of company stock valued at $21,417,728 in the last three months. 1.86% of the stock is owned by insiders.
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CBOE Holdings, Inc. (NASDAQ CBOE) opened at $114.45 on Friday. CBOE Holdings, Inc. has a 52 week low of $66.99 and a 52 week high of $116.56. The firm has a market cap of $12,948.94, a price-to-earnings ratio of 36.00, a P/E/G ratio of 1.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.57.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. CBOE Holdings had a net margin of 13.37% and a return on equity of 14.70%. The business had revenue of $269.70 million during the quarter, compared to the consensus estimate of $270.14 million. During the same quarter last year, the firm earned $0.72 earnings per share. CBOE Holdings’s quarterly revenue was up 98.0% on a year-over-year basis. analysts expect that CBOE Holdings, Inc. will post 3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 30th. CBOE Holdings’s dividend payout ratio is presently 58.70%.
Several equities analysts have recently issued reports on the stock. Deutsche Bank AG raised their price target on shares of CBOE Holdings from $106.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. raised their price target on shares of CBOE Holdings from $93.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Royal Bank Of Canada downgraded shares of CBOE Holdings from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $100.00 to $108.00 in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $108.00 price target on shares of CBOE Holdings in a research note on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $105.36.
CBOE Holdings Profile
Cboe Global Markets, Inc, formerly 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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