Other analysts have also issued research reports about the company. Buckingham Research raised CBOE Holdings from a neutral rating to a buy rating and raised their price target for the stock from $66.00 to $77.00 in a research note on Tuesday. Deutsche Bank AG lifted their price objective on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research note on Friday, September 9th. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $61.00 price objective on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Zacks Investment Research raised CBOE Holdings from a sell rating to a hold rating in a research note on Monday, July 4th. Finally, Wells Fargo & Co. reaffirmed a hold rating on shares of CBOE Holdings in a research note on Friday, September 23rd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. CBOE Holdings has an average rating of Hold and an average target price of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 65.27 on Tuesday. The company’s 50 day moving average is $68.33 and its 200-day moving average is $66.07. The company has a market capitalization of $5.31 billion, a P/E ratio of 24.69 and a beta of 0.54. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $159.22 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that CBOE Holdings will post $2.40 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction on 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 approximately $4,995,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Steinberg Global Asset Management bought a new stake in shares of CBOE Holdings during the second quarter worth $203,000. Tower Research Capital LLC TRC boosted its stake in shares of CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock worth $213,000 after buying an additional 1,115 shares during the period. Raymond James & Associates boosted its stake in shares of 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 during the period. Quadrature Capital Ltd bought a new stake in shares of CBOE Holdings during the second quarter worth $246,000. Finally, DRW Securities LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 74.20% 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).
Receive News & Ratings for CBOE Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBOE Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.