Jefferies Group reissued their hold rating on shares of CBOE Holdings Inc. (NASDAQ:CBOE) in a research report sent to investors on Tuesday morning. They currently have a $62.00 target price on the stock.
A number of other research firms also recently issued reports on CBOE. RBC Capital Markets downgraded CBOE Holdings from an outperform rating to a sector perform rating and cut their price target for the company from $78.00 to $68.00 in a research note on Tuesday. Credit Suisse Group AG upgraded CBOE Holdings from an underperform rating to a neutral rating and boosted their target price for the stock from $60.00 to $67.00 in a research note on Tuesday. Deutsche Bank AG boosted their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research note on Friday, September 9th. Barclays PLC restated an underweight rating and issued a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a research note on Friday, September 2nd. Finally, Zacks Investment Research upgraded CBOE Holdings from a sell rating to a hold rating in a research note on Friday, September 16th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $65.46.
CBOE Holdings (NASDAQ:CBOE) traded down 0.76% on Tuesday, reaching $66.40. The company’s stock had a trading volume of 295,600 shares. CBOE Holdings has a 52-week low of $58.43 and a 52-week high of $72.53. The firm’s 50-day moving average price is $68.48 and its 200-day moving average price is $66.07. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 25.11 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The business earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts expect that CBOE Holdings will post $2.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. CBOE Holdings’s payout ratio is currently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $67.86, for a total value of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock valued at $240,000 after buying an additional 76 shares during the last quarter. Private Advisor Group LLC boosted its position in CBOE Holdings by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,678 shares of the company’s stock valued at $514,000 after buying an additional 82 shares during the last quarter. State Treasurer State of Michigan boosted its position in CBOE Holdings by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock valued at $2,178,000 after buying an additional 100 shares during the last quarter. DRW Securities LLC boosted its position in CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock valued at $295,000 after buying an additional 100 shares during the last quarter. Finally, Commerce Bank boosted its position in CBOE Holdings by 2.1% in the second quarter. Commerce Bank now owns 6,737 shares of the company’s stock valued at $449,000 after buying an additional 137 shares during the last quarter. 74.20% of the stock is currently owned by hedge funds and other institutional investors.
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).
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