CBOE Holdings, Inc. (CBOE) Stake Lifted by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 24.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,548 shares of the financial services provider’s stock after purchasing an additional 38,673 shares during the period. California State Teachers Retirement System owned 0.18% of CBOE Holdings worth $18,239,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. FMR LLC lifted 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 purchasing an additional 1,519,882 shares during the period. Vanguard Group Inc. lifted 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 purchasing an additional 1,886,113 shares during the period. BlackRock Inc. lifted its holdings in shares of CBOE Holdings by 30.7% during the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after purchasing an additional 1,507,072 shares during the period. State Street Corp lifted its holdings in shares of CBOE Holdings by 17.2% during the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after purchasing an additional 604,328 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of CBOE Holdings by 26.6% during the second quarter. Artisan Partners Limited Partnership now owns 2,268,651 shares of the financial services provider’s stock worth $207,355,000 after purchasing an additional 475,971 shares during the period. Institutional investors own 82.72% of the company’s stock.

Several equities analysts recently issued reports on CBOE shares. Bank of America Corporation boosted their target price on shares of CBOE Holdings from $113.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 9th. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Monday, October 9th. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price target on shares of CBOE Holdings in a research note on Thursday, August 24th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. CBOE Holdings presently has an average rating of “Buy” and an average target price of $103.64.

Shares of CBOE Holdings, Inc. (CBOE) traded down 0.38% during midday trading on Friday, reaching $111.07. 87,219 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.53 billion, a P/E ratio of 60.73 and a beta of 0.50. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $111.95. The firm has a 50-day moving average of $107.47 and a 200-day moving average of $94.57.

CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. Analysts anticipate that CBOE Holdings, Inc. will post $3.42 EPS for the current fiscal year.

In related news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $105.52, for a total value of $527,600.00. Following the completion of the transaction, the chairman now directly owns 75,611 shares of the company’s stock, valued at approximately $7,978,472.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carole E. Stone sold 1,520 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 14,241 shares in the company, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Insiders sold a total of 218,240 shares of company stock valued at $21,417,728 over the last ninety days. 1.86% of the stock is currently owned by insiders.

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About CBOE Holdings

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).

Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

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