CBOE Holdings Inc. (NASDAQ:CBOE) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, StockTargetPrices.com reports.
A number of other equities research analysts have also issued reports on CBOE. Deutsche Bank AG reaffirmed a “hold” rating on shares of CBOE Holdings in a research note on Sunday, July 10th. RBC Capital Markets lowered CBOE Holdings to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised CBOE Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Barclays PLC increased their price target on CBOE Holdings from $53.00 to $54.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 9th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of CBOE Holdings in a research note on Friday. Five equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.73.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.59 on Tuesday. CBOE Holdings has a 52 week low of $58.43 and a 52 week high of $72.53. The firm has a market capitalization of $5.41 billion, a PE ratio of 25.19 and a beta of 0.54. The stock has a 50 day moving average price of $68.52 and a 200-day moving average price of $66.06.
CBOE Holdings (NASDAQ:CBOE) last posted its 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. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. During the same quarter in the prior year, the company earned $0.54 EPS. CBOE Holdings’s revenue was up 9.8% on a year-over-year basis. Equities analysts anticipate that CBOE Holdings will post $2.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors 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 yield of 1.38%. CBOE Holdings’s dividend payout ratio is currently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the 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 legal filing with the SEC, which can be accessed 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 CBOE. Mason Street Advisors LLC bought a new stake in shares of CBOE Holdings during the second quarter valued at about $2,473,000. Schwab Charles Investment Management Inc. increased its stake in shares of CBOE Holdings by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 313,192 shares of the company’s stock valued at $20,865,000 after buying an additional 12,854 shares in the last quarter. Amalgamated Bank increased its stake in shares of CBOE Holdings by 38.1% in the second quarter. Amalgamated Bank now owns 14,156 shares of the company’s stock valued at $950,000 after buying an additional 3,907 shares in the last quarter. Roosevelt Investment Group Inc. increased its stake in shares of CBOE Holdings by 43.4% in the second quarter. Roosevelt Investment Group Inc. now owns 358,247 shares of the company’s stock valued at $23,866,000 after buying an additional 108,496 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of CBOE Holdings by 3.5% in the second quarter. Legal & General Group Plc now owns 11,445 shares of the company’s stock valued at $762,000 after buying an additional 383 shares in the last quarter. Hedge funds and other institutional investors 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).
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