Kingdon Capital Management L.L.C. Takes Position in CBOE Holdings, Inc. (CBOE)

Kingdon Capital Management L.L.C. acquired a new position in CBOE Holdings, Inc. (NASDAQ:CBOE) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,550 shares of the financial services provider’s stock, valued at approximately $774,000.

A number of other hedge funds also recently bought and sold shares of the company. Nomura Holdings Inc. increased its stake in CBOE Holdings by 104.8% in the first quarter. Nomura Holdings Inc. now owns 7,154 shares of the financial services provider’s stock worth $579,000 after buying an additional 157,723 shares during the period. State Street Corp increased its stake in CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares during the period. Bank of America Corp DE increased its stake in CBOE Holdings by 157.7% in the first quarter. Bank of America Corp DE now owns 662,709 shares of the financial services provider’s stock worth $53,726,000 after buying an additional 405,560 shares during the period. Oppenheimer & Co. Inc. bought a new stake in CBOE Holdings during the first quarter worth about $201,000. Finally, Schwab Charles Investment Management Inc. increased its stake in CBOE Holdings by 59.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 445,010 shares of the financial services provider’s stock worth $36,077,000 after buying an additional 166,787 shares during the period. Institutional investors and hedge funds own 78.70% of the company’s stock.

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

Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) traded down 1.08% during trading on Friday, reaching $88.57. 3,292,159 shares of the company traded hands. The company has a market capitalization of $9.92 billion, a P/E ratio of 49.43 and a beta of 0.53. The company’s 50-day moving average price is $85.72 and its 200-day moving average price is $79.76. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $90.29.

CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.10. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $208.30 million. CBOE Holdings had a net margin of 18.03% and a return on equity of 24.30%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts forecast that CBOE Holdings, Inc. will post $3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, May 31st. CBOE Holdings’s dividend payout ratio is 54.64%.

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Several equities analysts have recently weighed in on CBOE shares. Zacks Investment Research downgraded shares of CBOE Holdings from a “buy” rating to a “sell” rating in a research note on Tuesday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of CBOE Holdings in a research note on Friday, March 31st. Deutsche Bank AG lifted their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 target price on shares of CBOE Holdings in a research note on Monday, April 10th. Finally, BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. CBOE Holdings presently has an average rating of “Buy” and an average target price of $73.63.

In other CBOE Holdings news, VP Christopher A. Isaacson sold 7,316 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $78.61, for a total transaction of $393,050.00. Following the sale, the chairman now directly owns 85,611 shares of the company’s stock, valued at $6,729,880.71. The disclosure for this sale can be found here. Insiders sold a total of 242,316 shares of company stock valued at $21,543,210 over the last three months. 0.96% of the stock is currently owned by insiders.

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).

Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBOE Holdings, Inc. (NASDAQ:CBOE).

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