CBOE has been the subject of a number of other reports. Buckingham Research raised shares of CBOE Holdings from a neutral rating to a buy rating and raised their price target for the stock from $66.00 to $77.00 in a research report on Tuesday, September 27th. Barclays PLC reissued an underweight rating and set a $52.00 price target (down from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. Deutsche Bank AG raised their price objective on shares of CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research note on Friday, September 9th. Wells Fargo & Co. reaffirmed a hold rating on shares of CBOE Holdings in a research note on Friday, September 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CBOE Holdings from $65.00 to $71.50 and gave the stock a market perform rating in a research note on Tuesday, September 27th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 64.85 on Tuesday. The company’s 50-day moving average is $68.27 and its 200-day moving average is $66.06. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The stock has a market cap of $5.27 billion, a P/E ratio of 24.53 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. During the same period last year, the firm posted $0.54 EPS. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued 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 1.42%. CBOE Holdings’s dividend payout ratio is presently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction 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 transaction, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC bought a new position in CBOE Holdings during the second quarter valued at approximately $2,473,000. Schwab Charles Investment Management Inc. raised its position in 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 raised its position in 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. raised its position in 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 raised its position in 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. Institutional investors and hedge funds 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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