CBOE Holdings Inc. (NASDAQ:CBOE) traded up 0.2% on Tuesday after Jefferies Group raised their price target on the stock from $62.00 to $66.00. Jefferies Group currently has a hold rating on the stock. CBOE Holdings traded as high as $67.65 and last traded at $67.04, with a volume of 536,892 shares changing hands. The stock had previously closed at $66.89.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a research report on Sunday, June 26th. JPMorgan Chase & Co. reissued a “hold” rating and set a $61.00 price target on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Bank of America Corp. downgraded shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Finally, Barclays PLC set a $53.00 target price on shares of CBOE Holdings and gave the stock a “sell” rating in a research report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.26.
In related news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction on Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Steinberg Global Asset Management bought a new stake in shares of CBOE Holdings during the second quarter valued at approximately $203,000. Tower Research Capital LLC TRC boosted its stake in shares of CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock valued at $213,000 after buying an additional 1,115 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of CBOE Holdings during the third quarter valued at approximately $220,000. Raymond James & Associates boosted its stake in shares of 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. Finally, Quadrature Capital Ltd bought a new stake in shares of CBOE Holdings during the second quarter valued at approximately $246,000. Institutional investors and hedge funds own 73.76% of the company’s stock.
The company has a 50 day moving average of $68.04 and a 200 day moving average of $66.16. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 25.27 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 the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities analysts forecast that CBOE Holdings Inc. will post $2.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.23 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. CBOE Holdings’s dividend payout ratio (DPR) is 37.88%.
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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