CBOE Holdings Inc. (NASDAQ:CBOE) was downgraded by stock analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They currently have a $68.00 target price on the stock, down from their previous target price of $78.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.55% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered CBOE Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Credit Suisse Group AG reissued a “sell” rating and set a $60.00 price target on shares of CBOE Holdings in a report on Monday. Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $68.29 to $65.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Barclays PLC reissued an “underweight” rating and set a $52.00 price target (down previously from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. Finally, Deutsche Bank AG raised their price target on CBOE Holdings from $67.00 to $68.00 and gave the stock a “hold” rating in a report on Friday, September 9th. Five investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.31 on Tuesday. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The stock has a 50 day moving average price of $68.42 and a 200-day moving average price of $66.08. The stock has a market capitalization of $5.39 billion, a PE ratio of 25.08 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. On average, analysts forecast that CBOE Holdings will post $2.40 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.39%. CBOE Holdings’s dividend payout ratio is currently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction of $424,125.00. Following the completion of the transaction, the chief executive officer now directly owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC bought a new position in shares of CBOE Holdings during the second quarter valued at about $2,473,000. Schwab Charles Investment Management Inc. increased its position in shares of CBOE Holdings by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 313,192 shares of the company’s stock valued at $20,865,000 after buying an additional 12,854 shares in the last quarter. Amalgamated Bank increased its position in shares of CBOE Holdings by 38.1% in the second quarter. Amalgamated Bank now owns 14,156 shares of the company’s stock valued at $950,000 after buying an additional 3,907 shares in the last quarter. Roosevelt Investment Group Inc. increased its position in shares of CBOE Holdings by 43.4% in the second quarter. Roosevelt Investment Group Inc. now owns 358,247 shares of the company’s stock valued at $23,866,000 after buying an additional 108,496 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of CBOE Holdings by 3.5% in the second quarter. Legal & General Group Plc now owns 11,445 shares of the company’s stock valued at $762,000 after buying an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 74.20% 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).
Receive News & Ratings for CBOE Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBOE Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.