CBOE Holdings Inc. (NASDAQ:CBOE)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a research note issued on Tuesday. They presently have a $62.00 price objective on the stock. Jefferies Group’s target price would suggest a potential downside of 6.50% from the stock’s previous close.
A number of other brokerages have also recently weighed in on CBOE. Wells Fargo & Co. reiterated a “hold” rating on shares of CBOE Holdings in a report on Friday, September 23rd. Barclays PLC reiterated an “underweight” rating and issued a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $61.00 target price on shares of CBOE Holdings in a report on Wednesday, August 3rd. Deutsche Bank AG lifted their target price on CBOE Holdings from $67.00 to $68.00 and gave the company a “hold” rating in a report on Friday, September 9th. Finally, Zacks Investment Research cut CBOE Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. CBOE Holdings currently has an average rating of “Hold” and a consensus target price of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.31 on Tuesday. The stock has a market cap of $5.39 billion, a P/E ratio of 25.08 and a beta of 0.54. The firm’s 50-day moving average price is $68.42 and its 200 day moving average price is $66.08. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities research analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is currently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Loomis Sayles & Co. L P raised its stake in shares of CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock valued at $2,237,000 after buying an additional 226 shares in the last quarter. UBS Group AG raised its stake in shares of CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock valued at $14,954,000 after buying an additional 138,933 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock valued at $121,464,000 after buying an additional 806,144 shares in the last quarter. State Street Corp raised its stake in shares of CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock valued at $141,096,000 after buying an additional 21,575 shares in the last quarter. Finally, Zebra Capital Management LLC raised its stake in shares of CBOE Holdings by 30.5% in the first quarter. Zebra Capital Management LLC now owns 28,778 shares of the company’s stock valued at $1,880,000 after buying an additional 6,718 shares in the last quarter. 74.20% of the stock is owned by hedge funds and other institutional investors.
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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