CBOE Holdings Inc. (NASDAQ:CBOE) had its price target hoisted by Keefe, Bruyette & Woods from $65.00 to $71.50 in a research note published on Tuesday. They currently have a market perform rating on the stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut CBOE Holdings from a hold rating to a sell rating in a research report on Wednesday, September 7th. Credit Suisse Group AG reiterated a sell rating and set a $60.00 target price on shares of CBOE Holdings in a research report on Monday. Bank of America Corp. cut CBOE Holdings from a neutral rating to an underperform rating and dropped their target price for the stock from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Barclays PLC reiterated an underweight rating and set a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. Finally, Deutsche Bank AG boosted their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research report on Friday, September 9th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $65.46.
CBOE Holdings (NASDAQ:CBOE) opened at 65.27 on Tuesday. The company’s 50-day moving average price is $68.33 and its 200-day moving average price is $66.07. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53. The stock has a market cap of $5.31 billion, a PE ratio of 24.69 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company 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 posted $0.54 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.41%. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction on 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 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 this hyperlink. 0.96% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC acquired a new position in shares of CBOE Holdings during the second quarter valued at $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 during the period. 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 during the period. 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 during the period. 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 during the period. 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).
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