A number of other research analysts have also commented on CBOE. Zacks Investment Research upgraded shares of CBOE Holdings from a sell rating to a hold rating in a research note on Monday, June 27th. Deutsche Bank AG reiterated a hold rating on shares of CBOE Holdings in a research note on Sunday, June 26th. Barclays PLC raised their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the company an underweight rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reiterated a hold rating and set a $61.00 price objective on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. lowered shares of CBOE Holdings from a neutral rating to an underperform rating and lowered their price objective for the company from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $66.87.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.66% during mid-day trading on Tuesday, reaching $66.66. The company’s stock had a trading volume of 183,131 shares. The firm has a market capitalization of $5.42 billion, a PE ratio of 25.21 and a beta of 0.55. The firm has a 50-day moving average of $68.08 and a 200-day moving average of $66.15. CBOE Holdings has a 52 week low of $58.43 and a 52 week high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The business had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that CBOE Holdings will post $2.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) is currently 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings 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 sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Raymond James & Associates increased its position in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock worth $240,000 after buying an additional 76 shares in the last quarter. Private Advisor Group LLC increased its position in CBOE Holdings by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,678 shares of the company’s stock worth $514,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its position in CBOE Holdings by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock worth $2,178,000 after buying an additional 100 shares in the last quarter. DRW Securities LLC increased its position in CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock worth $295,000 after buying an additional 100 shares in the last quarter. Finally, Commerce Bank increased its position in CBOE Holdings by 2.1% in the second quarter. Commerce Bank now owns 6,737 shares of the company’s stock worth $449,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds 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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