CIBC Asset Management Inc increased its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 36.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,130 shares of the financial services provider’s stock after buying an additional 2,957 shares during the period. CIBC Asset Management Inc’s holdings in CBOE Holdings were worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of CBOE. Teachers Advisors LLC grew its stake in shares of CBOE Holdings by 29.1% in the 1st quarter. Teachers Advisors LLC now owns 102,444 shares of the financial services provider’s stock worth $8,305,000 after buying an additional 23,074 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CBOE Holdings by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 404,819 shares of the financial services provider’s stock valued at $32,816,000 after acquiring an additional 33,072 shares in the last quarter. Capstone Asset Management Co. lifted its position in CBOE Holdings by 12.3% in the 2nd quarter. Capstone Asset Management Co. now owns 9,402 shares of the financial services provider’s stock valued at $859,000 after acquiring an additional 1,030 shares in the last quarter. Bank of Montreal Can lifted its position in CBOE Holdings by 69.0% in the 2nd quarter. Bank of Montreal Can now owns 87,708 shares of the financial services provider’s stock valued at $8,017,000 after acquiring an additional 35,825 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its position in CBOE Holdings by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.
CBOE has been the topic of several analyst reports. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Citigroup Inc. upped their price objective on CBOE Holdings from $93.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Barclays PLC initiated coverage on CBOE Holdings in a research report on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Royal Bank Of Canada set a $100.00 price objective on CBOE Holdings and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $106.00) on shares of CBOE Holdings in a research report on Thursday, October 5th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. CBOE Holdings has a consensus rating of “Buy” and a consensus price target of $105.36.
CBOE Holdings, Inc. (CBOE) opened at $116.48 on Friday. The firm has a market capitalization of $13,215.59, a price-to-earnings ratio of 36.74, a PEG ratio of 1.96 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57. CBOE Holdings, Inc. has a twelve month low of $67.85 and a twelve month high of $116.91.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $270.14 million. CBOE Holdings had a return on equity of 14.70% and a net margin of 10.55%. The company’s revenue was up 98.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. sell-side analysts predict that CBOE Holdings, Inc. will post 3.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. CBOE Holdings’s payout ratio is 58.70%.
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In related news, insider David S. Reynolds sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $109.12, for a total value of $436,480.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank E. Jr. English sold 700 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the transaction, the director now directly owns 4,514 shares in the company, valued at $449,549.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,720 shares of company stock worth $1,740,075. 1.86% of the stock is owned by insiders.
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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