State Street Corp Has $376.12 Million Holdings in CBOE Holdings, Inc. (CBOE)
State Street Corp raised its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,114,972 shares of the financial services provider’s stock after acquiring an additional 604,328 shares during the period. State Street Corp owned approximately 3.65% of CBOE Holdings worth $376,120,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio acquired a new position in CBOE Holdings in the 2nd quarter valued at $120,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of CBOE Holdings by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the last quarter. Huntington National Bank bought a new position in shares of CBOE Holdings in the 2nd quarter valued at $182,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of CBOE Holdings in the 2nd quarter valued at $183,000. Finally, Royce & Associates LP bought a new position in shares of CBOE Holdings in the 1st quarter valued at $180,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
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In related news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction 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 transaction, the chairman now owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David S. Reynolds sold 4,000 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $109.12, for a total value of $436,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 218,240 shares of company stock worth $21,417,728. 1.86% of the stock is owned by insiders.
Several brokerages have recently issued reports on CBOE. Deutsche Bank AG lifted their price target on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 price target (up previously from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Finally, 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. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $100.91.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 110.50 on Friday. The company’s 50-day moving average price is $105.57 and its 200-day moving average price is $92.78. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 60.42 and a beta of 0.50. CBOE Holdings, Inc. has a 12 month low of $61.58 and a 12 month high of $110.67.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data 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 company had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 85.2% compared to the same quarter last year. Analysts anticipate that CBOE Holdings, Inc. will post $3.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 30th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is 59.67%.
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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