CBOE Holdings Inc. (NASDAQ:CBOE) was up 0.2% during trading on Tuesday after Jefferies Group raised their price target on the stock from $62.00 to $66.00. Jefferies Group currently has a hold rating on the stock. CBOE Holdings traded as high as $67.65 and last traded at $67.04, with a volume of 536,892 shares traded. The stock had previously closed at $66.89.
Several other research analysts also recently issued reports on the stock. Wells Fargo & Co. raised shares of CBOE Holdings from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $67.50 to $80.50 in a research report on Tuesday, October 4th. Buckingham Research raised shares of CBOE Holdings from a “neutral” rating to a “buy” rating and raised their price objective 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 objective (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 $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, October 5th. 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 report on Tuesday, September 27th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and a consensus price target of $66.87.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction dated 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 $4,995,242.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CBOE. Renaissance Technologies LLC raised its position in CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock worth $289,850,000 after buying an additional 37,000 shares in the last quarter. BlackRock Fund Advisors raised its position in CBOE Holdings by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,990,390 shares of the company’s stock worth $199,220,000 after buying an additional 97,984 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in CBOE Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,460,088 shares of the company’s stock worth $163,891,000 after buying an additional 26,287 shares in the last quarter. State Street Corp raised its position in CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock worth $141,096,000 after buying an additional 21,575 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares in the last quarter. Institutional investors own 73.76% of the company’s stock.
The firm’s 50-day moving average price is $68.08 and its 200-day moving average price is $66.15. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 25.38 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. CBOE Holdings’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, equities research analysts forecast that CBOE Holdings Inc. will post $2.40 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a $0.23 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 1.37%. CBOE Holdings’s dividend payout ratio is presently 37.88%.
About CBOE Holdings
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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