Asset Management One Co. Ltd. raised its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,387 shares of the financial services provider’s stock after acquiring an additional 6,130 shares during the period. Asset Management One Co. Ltd. owned 0.14% of CBOE worth $16,937,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Strs Ohio acquired a new position in shares of CBOE during the second quarter worth approximately $120,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of CBOE by 1.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Winslow Evans & Crocker Inc. boosted its position in shares of CBOE by 720.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock worth $203,000 after buying an additional 1,656 shares during the period. Global X MANAGEMENT CO LLC boosted its position in shares of CBOE by 329.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,896 shares of the financial services provider’s stock worth $204,000 after buying an additional 1,454 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of CBOE during the third quarter worth approximately $226,000. Institutional investors own 84.07% of the company’s stock.
CBOE Holdings, Inc. (CBOE) opened at $126.28 on Thursday. The stock has a market capitalization of $14,335.39, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.52. CBOE Holdings, Inc. has a twelve month low of $72.54 and a twelve month high of $128.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.57.
CBOE (NASDAQ:CBOE) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. CBOE had a return on equity of 14.70% and a net margin of 10.55%. The company had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $270.14 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 98.0% on a year-over-year basis. equities research analysts forecast that CBOE Holdings, Inc. will post 3.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 30th. CBOE’s payout ratio is 58.70%.
In other CBOE news, VP Christopher A. Isaacson sold 7,019 shares of CBOE stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $124.42, for a total transaction of $873,303.98. Following the transaction, the vice president now directly owns 90,229 shares in the company, valued at approximately $11,226,292.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the transaction, the chairman now owns 70,611 shares in the company, valued at $8,916,757.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,989 shares of company stock worth $2,059,320. Corporate insiders own 1.86% of the company’s stock.
Several equities analysts have recently issued reports on CBOE shares. Zacks Investment Research upgraded CBOE from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, October 9th. Bank of America boosted their target price on CBOE from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Royal Bank of Canada set a $100.00 target price on CBOE and gave the stock a “buy” rating in a report on Monday, September 11th. Barclays initiated coverage on CBOE in a report on Friday, September 8th. They set an “equal weight” rating and a $105.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $108.00 target price on shares of CBOE in a report on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. CBOE has an average rating of “Hold” and an average price target of $107.50.
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Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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