CBOE Holdings Inc. (NASDAQ:CBOE) had its price objective raised by Deutsche Bank AG from $68.00 to $70.00 in a research note released on Wednesday. Deutsche Bank AG currently has a hold rating on the stock.
A number of other research firms also recently weighed in on CBOE. Zacks Investment Research downgraded CBOE Holdings from a hold rating to a sell rating in a report on Wednesday, September 7th. Credit Suisse Group AG restated a sell rating and issued a $60.00 price target on shares of CBOE Holdings in a research note on Monday, September 26th. Wells Fargo & Co. raised CBOE Holdings from a market perform rating to an outperform rating and raised their target price for the stock from $67.50 to $80.50 in a report on Tuesday. Bank of America Corp. cut CBOE Holdings from a neutral rating to an underperform rating and decreased their target price for the stock from $68.29 to $65.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating and issued a $61.00 target price on shares of CBOE Holdings in a report on Tuesday, September 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $66.60.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.56% during mid-day trading on Wednesday, reaching $67.03. The company had a trading volume of 131,520 shares. The company has a 50 day moving average price of $68.20 and a 200 day moving average price of $66.08. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 25.35 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. CBOE Holdings’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. On average, analysts anticipate that CBOE Holdings will post $2.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s payout ratio is currently 37.88%.
In other CBOE Holdings 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 value of $424,125.00. Following the completion of the sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Aperio Group LLC increased its stake 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 in the last quarter. BlackRock Group LTD increased its stake 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 in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake 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 in the last quarter. BlackRock Japan Co. Ltd increased its stake 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 in the last quarter. Finally, M&T Bank Corp increased its stake in CBOE Holdings by 1.8% in the first quarter. M&T Bank Corp now owns 13,811 shares of the company’s stock valued at $902,000 after buying an additional 249 shares in the last quarter. 74.20% of the stock is owned by hedge funds and other 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).
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