CBOE Holdings Inc. (NASDAQ:CBOE) was upgraded by equities research analysts at Evercore ISI from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $74.00 price objective on the stock. Evercore ISI’s price objective would indicate a potential upside of 10.76% from the stock’s previous close.
Several other research analysts have also weighed in 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 upped their price target 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 issued a $61.00 price target 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 decreased their price target 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, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.26.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.81 on Tuesday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 25.27 and a beta of 0.55. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53. The stock’s 50 day moving average is $68.04 and its 200 day moving average is $66.16.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $163.30 million for 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 for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts expect that CBOE Holdings will post $2.40 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction that occurred 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 directly owns 73,611 shares in the company, valued at approximately $4,995,242.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CBOE. Lazard Asset Management LLC boosted 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. Emerald Acquisition Ltd. bought a new position in CBOE Holdings during the second quarter worth about $28,426,000. UBS Asset Management Americas Inc. boosted its position in CBOE Holdings by 537.5% in the second quarter. UBS Asset Management Americas Inc. now owns 365,071 shares of the company’s stock worth $24,321,000 after buying an additional 307,808 shares in the last quarter. FIL Ltd bought a new position in CBOE Holdings during the second quarter worth about $18,750,000. Finally, UBS Group AG boosted its position in CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock worth $14,954,000 after buying an additional 138,933 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
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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