CBOE Holdings Inc. (NASDAQ:CBOE) had its target price raised by Deutsche Bank AG from $68.00 to $70.00 in a research report sent to investors on Wednesday. Deutsche Bank AG currently has a hold rating on the stock.
A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. reissued a hold rating and issued a $61.00 price objective on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Bank of America Corp. downgraded shares of CBOE Holdings from a neutral rating to an underperform rating and dropped their price objective for the company from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CBOE Holdings from a sell rating to a hold rating in a research report on Friday, September 16th. Barclays PLC set a $53.00 price objective on shares of CBOE Holdings and gave the company a sell rating in a research report on Monday, August 1st. Finally, Royal Bank Of Canada downgraded shares of CBOE Holdings from an outperform rating to a sector perform rating and dropped their price objective for the company from $78.00 to $68.00 in a research report on Tuesday, September 27th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $66.60.
CBOE Holdings (NASDAQ:CBOE) opened at 66.89 on Wednesday. The company’s 50 day moving average is $68.12 and its 200 day moving average is $66.15. The stock has a market cap of $5.44 billion, a PE ratio of 25.30 and a beta of 0.55. 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 earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts expect that CBOE Holdings will post $2.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.38%. CBOE Holdings’s payout ratio is currently 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction on Monday, September 12th. The shares were 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 owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of CBOE Holdings during the second quarter worth approximately $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 worth $20,865,000 after buying an additional 12,854 shares during 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 worth $950,000 after buying an additional 3,907 shares during 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 worth $23,866,000 after buying an additional 108,496 shares during 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 worth $762,000 after buying an additional 383 shares during the last quarter. Institutional investors own 73.76% 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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