RBC Capital Markets lowered shares of CBOE Holdings Inc. (NASDAQ:CBOE) from an outperform rating to a sector perform rating in a research note published on Tuesday. They currently have $68.00 price target on the stock, down from their prior price target of $78.00.
Several other research analysts have also issued reports on CBOE. Deutsche Bank AG reissued a hold rating on shares of CBOE Holdings in a research note on Sunday, July 10th. Zacks Investment Research raised shares of CBOE Holdings from a sell rating to a hold rating in a research note on Monday, July 4th. Barclays PLC increased their target price on shares of CBOE Holdings from $53.00 to $54.00 and gave the stock an underweight rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. reissued a hold rating and set a $61.00 target price on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Wells Fargo & Co. reissued 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 issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $65.46.
CBOE Holdings (NASDAQ:CBOE) opened at 64.85 on Tuesday. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 24.53 and a beta of 0.54. The stock’s 50 day moving average is $68.27 and its 200 day moving average is $66.06.
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, hitting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. 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 company posted $0.54 earnings per share. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts predict that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 1.42%. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 73,611 shares in the company, valued at $4,995,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in CBOE Holdings during the fourth quarter valued at $45,780,000. Aperio Group LLC increased its position in CBOE Holdings by 5.5% in the first quarter. Aperio Group LLC now owns 31,110 shares of the company’s stock valued at $2,032,000 after buying an additional 1,621 shares during the last quarter. BlackRock Group LTD increased its position in CBOE Holdings by 66.4% in the first quarter. BlackRock Group LTD now owns 75,519 shares of the company’s stock valued at $4,934,000 after buying an additional 30,147 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in CBOE Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,801 shares of the company’s stock valued at $159,000,000 after buying an additional 9,704 shares during the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in CBOE Holdings by 10.4% in the first quarter. BlackRock Japan Co. Ltd now owns 36,990 shares of the company’s stock valued at $2,417,000 after buying an additional 3,490 shares during the last quarter. 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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