Retirement Systems of Alabama lowered its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 102,063 shares of the financial services provider’s stock after selling 1,562 shares during the period. Retirement Systems of Alabama’s holdings in CBOE Holdings were worth $9,329,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio bought a new position in CBOE Holdings during the second quarter valued at approximately $120,000. TrimTabs Asset Management LLC raised its position in CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $128,000 after buying an additional 744 shares during the period. Huntington National Bank bought a new position in CBOE Holdings during the second quarter valued at approximately $182,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in CBOE Holdings during the second quarter valued at approximately $183,000. Finally, Royce & Associates LP bought a new position in CBOE Holdings during the first quarter valued at approximately $180,000. 78.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 96.23 on Friday. The company’s 50 day moving average price is $93.13 and its 200 day moving average price is $84.96. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 52.61 and a beta of 0.49. CBOE Holdings, Inc. has a 52-week low of $61.58 and a 52-week high of $97.27.

CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Analysts forecast that CBOE Holdings, Inc. will post $3.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.27 dividend. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.12%. CBOE Holdings’s payout ratio is presently 55.25%.

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A number of equities analysts have issued reports on the company. Deutsche Bank AG upped their target price on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.97.

In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction 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 completion of the transaction, the chairman now owns 80,611 shares in the company, valued at approximately $7,001,065.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction on Friday, June 9th. The shares were 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. In the last quarter, insiders sold 237,316 shares of company stock valued at $21,150,160. Corporate 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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Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

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