CBOE has been the subject of several other reports. Wells Fargo & Co. reaffirmed a hold rating on shares of CBOE Holdings in a research report on Friday, September 23rd. Barclays PLC reaffirmed an underweight rating and issued a $52.00 target price (down from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Deutsche Bank AG raised their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research report on Friday, September 9th. Finally, Zacks Investment Research cut CBOE Holdings from a hold rating to a sell rating in a research report on Wednesday, September 7th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $65.46.
CBOE Holdings (NASDAQ:CBOE) traded down 0.560% during mid-day trading on Tuesday, reaching $66.535. 214,058 shares of the company traded hands. CBOE Holdings has a 52-week low of $58.43 and a 52-week high of $72.53. The company has a market capitalization of $5.41 billion, a P/E ratio of 25.165 and a beta of 0.54. The stock has a 50 day moving average price of $68.48 and a 200-day moving average price of $66.07.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company earned $163.30 million during the quarter, compared to analysts’ expectations of $159.22 million. During the same period in the prior year, the business earned $0.54 earnings per share. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The company also recently disclosed 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 payout ratio is 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings 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 in the company, valued at $4,995,242.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of 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 last quarter. Norges Bank purchased a new stake in shares of CBOE Holdings during the fourth quarter worth approximately $45,780,000. Emerald Acquisition Ltd. purchased a new stake in shares of CBOE Holdings during the second quarter worth approximately $28,426,000. UBS Asset Management Americas Inc. raised its stake in shares of 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 during the last quarter. Finally, FIL Ltd purchased a new stake in shares of CBOE Holdings during the second quarter worth approximately $18,750,000. Hedge funds and other institutional investors own 74.20% 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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