Several other brokerages also recently weighed in on CBOE. Deutsche Bank AG raised their price target on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a report on Friday, September 9th. Barclays PLC reissued an underweight rating and issued a $52.00 price target (down previously from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. Zacks Investment Research raised CBOE Holdings from a sell rating to a hold rating in a report on Friday, September 16th. Finally, Bank of America Corp. downgraded CBOE Holdings from a neutral rating to an underperform rating and lowered their price target 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. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. CBOE Holdings has an average rating of Hold and an average price target of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.31 on Friday. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 25.08 and a beta of 0.54. The company has a 50-day moving average of $68.42 and a 200 day moving average of $66.08. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate 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 last year, the company earned $0.54 earnings per share. Analysts predict that CBOE Holdings will post $2.40 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction that occurred 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 $4,995,242.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in 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. Private Advisor Group LLC boosted its stake in CBOE Holdings by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,678 shares of the company’s stock worth $514,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan boosted its stake 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 worth $2,178,000 after buying an additional 100 shares during the period. DRW Securities LLC boosted its stake in 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. Finally, Commerce Bank boosted its stake in CBOE Holdings by 2.1% in the second quarter. Commerce Bank now owns 6,737 shares of the company’s stock worth $449,000 after buying an additional 137 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).
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