FIL Ltd lowered its stake in CBOE Holdings, Inc. (NASDAQ:CBOE) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,745 shares of the company’s stock after selling 37,708 shares during the period. FIL Ltd’s holdings in CBOE Holdings were worth $21,040,000 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. Price T Rowe Associates Inc. MD increased its stake in shares of CBOE Holdings by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,743,170 shares of the company’s stock worth $696,695,000 after buying an additional 199,463 shares during the last quarter. FMR LLC increased its stake in shares of CBOE Holdings by 8,656.1% in the fourth quarter. FMR LLC now owns 6,221,725 shares of the company’s stock worth $459,723,000 after buying an additional 6,150,669 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of CBOE Holdings by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,104,751 shares of the company’s stock worth $201,343,000 after buying an additional 114,361 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of CBOE Holdings by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,471,910 shares of the company’s stock worth $160,303,000 after buying an additional 11,822 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of CBOE Holdings by 13.9% in the third quarter. Lazard Asset Management LLC now owns 2,181,305 shares of the company’s stock worth $141,457,000 after buying an additional 265,501 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.
Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) traded up 1.04% during mid-day trading on Friday, hitting $81.24. The stock had a trading volume of 406,634 shares. CBOE Holdings, Inc. has a 1-year low of $61.22 and a 1-year high of $81.25. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 35.79 and a beta of 0.66. The stock’s 50-day moving average is $76.71 and its 200 day moving average is $70.52.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business earned $163.20 million during the quarter, compared to the consensus estimate of $160.10 million. CBOE Holdings had a net margin of 28.74% and a return on equity of 70.50%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. Equities research analysts predict that CBOE Holdings, Inc. will post $2.49 EPS for the current fiscal year.
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A number of brokerages have weighed in on CBOE. Credit Suisse Group upgraded CBOE Holdings from a “neutral” rating to an “outperform” rating in a report on Friday, January 13th. Deutsche Bank AG downgraded CBOE Holdings from a “hold” rating to a “sell” rating and decreased their price target for the stock from $71.00 to $68.00 in a report on Tuesday, December 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded CBOE Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Bank of America Corporation upgraded CBOE Holdings from an “underperform” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, January 31st. Finally, J P Morgan Chase & Co upgraded CBOE Holdings from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $84.00 in a report on Friday, December 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $68.74.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $76.79, for a total value of $479,937.50. Following the completion of the sale, the chief executive officer now directly owns 67,361 shares of the company’s stock, valued at $5,172,651.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
CBOE Holdings Company Profile
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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