Morgan Stanley reaffirmed their equal weight rating on shares of CBOE Holdings Inc. (NASDAQ:CBOE) in a research note published on Wednesday. The brokerage currently has a $32.50 price target on the stock, up from their prior price target of $26.00.
Other equities research analysts also recently issued research reports about the company. Buckingham Research raised CBOE Holdings from a neutral rating to a buy rating and raised their price objective for the company from $66.00 to $77.00 in a report on Tuesday, September 27th. Evercore ISI raised CBOE Holdings from a hold rating to a buy rating and set a $74.00 price objective on the stock in a report on Tuesday. Zacks Investment Research raised CBOE Holdings from a sell rating to a hold rating in a report on Monday, July 4th. Deutsche Bank AG reissued a hold rating on shares of CBOE Holdings in a report on Sunday, June 26th. Finally, JPMorgan Chase & Co. reissued a hold rating and set a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $65.26.
CBOE Holdings (NASDAQ:CBOE) traded down 1.18% on Wednesday, hitting $66.02. The stock had a trading volume of 114,074 shares. The company has a 50-day moving average price of $68.04 and a 200-day moving average price of $66.16. CBOE Holdings has a 52 week low of $58.43 and a 52 week high of $72.53. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 24.97 and a beta of 0.55.
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, meeting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. During the same quarter last year, the business posted $0.54 EPS. CBOE Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts anticipate that CBOE Holdings will post $2.40 earnings per share for the current fiscal year.
The company 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. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s payout ratio is 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of 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 during the last quarter. Geode Capital Management LLC increased its position in CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock worth $38,222,000 after buying an additional 20,152 shares during the period. Loomis Sayles & Co. L P increased its position in CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock worth $2,237,000 after buying an additional 226 shares during the period. UBS Group AG increased 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 during the period. Finally, Lazard Asset Management LLC increased 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 during the period. 73.76% of the stock is owned by institutional investors and hedge funds.
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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