CBOE Holdings, Inc. (CBOE) PT Raised to $120.00

CBOE Holdings, Inc. (NASDAQ:CBOE) had its price target hoisted by Bank of America Corporation from $113.00 to $120.00 in a research note issued to investors on Monday. The firm currently has a buy rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on CBOE. Deutsche Bank AG upped their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a hold rating in a research note on Monday, August 7th. BidaskClub downgraded shares of CBOE Holdings from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a hold rating and issued a $92.00 target price on shares of CBOE Holdings in a research note on Tuesday, October 3rd. Wells Fargo & Company reiterated an outperform rating and issued a $120.00 target price (up previously from $106.00) on shares of CBOE Holdings in a research note on Thursday, October 5th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a $100.00 target price (up previously from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $100.91.

Shares of CBOE Holdings (NASDAQ:CBOE) opened at 110.02 on Monday. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 60.15 and a beta of 0.50. CBOE Holdings has a 12-month low of $61.58 and a 12-month high of $110.37. The company has a 50 day moving average of $105.23 and a 200-day moving average of $92.56.

CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. CBOE Holdings’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Analysts predict that CBOE Holdings will post $3.41 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 0.98%. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio (DPR) is 59.67%.

In related news, VP Christopher A. Isaacson sold 7,020 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $100.61, for a total value of $706,282.20. Following the transaction, the vice president now owns 97,897 shares of the company’s stock, valued at approximately $9,849,417.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carole E. Stone sold 1,520 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the completion of the transaction, the director now directly owns 14,241 shares in the company, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold 214,240 shares of company stock valued at $20,981,248 in the last quarter. 1.86% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vantage Investment Advisors LLC increased its stake in CBOE Holdings by 0.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 3,006 shares of the financial services provider’s stock worth $275,000 after buying an additional 8 shares during the period. Gateway Investment Advisers LLC increased its position in CBOE Holdings by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 16 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in CBOE Holdings by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in CBOE Holdings by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,826 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 21 shares during the period. Finally, Advisor Group Inc. increased its position in CBOE Holdings by 0.9% during the 2nd quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 21 shares during the period. 82.45% of the stock is currently owned by institutional investors.

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).

Analyst Recommendations for CBOE Holdings (NASDAQ:CBOE)

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