Buckingham Research upgraded shares of CBOE Holdings Inc. (NASDAQ:CBOE) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning. Buckingham Research currently has $77.00 price objective on the stock, up from their previous price objective of $66.00.
Several other equities research analysts have also commented on the stock. Credit Suisse Group AG upgraded shares of CBOE Holdings from an underperform rating to a neutral rating and boosted their price target for the company from $60.00 to $67.00 in a report on Tuesday. Royal Bank Of Canada lowered shares of CBOE Holdings from an outperform rating to a sector perform rating and reduced their price target for the company from $78.00 to $68.00 in a report on Tuesday. RBC Capital Markets lowered shares of CBOE Holdings from an outperform rating to a sector perform rating and reduced their price target for the company from $78.00 to $68.00 in a report on Tuesday. Wells Fargo & Co. restated a hold rating on shares of CBOE Holdings in a report on Friday, September 23rd. Finally, Zacks Investment Research upgraded shares of CBOE Holdings from a sell rating to a hold rating in a report on Friday, September 16th. Five equities 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. CBOE Holdings presently has an average rating of Hold and a consensus target price of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 1.30% during trading on Tuesday, hitting $66.04. 346,842 shares of the company’s stock were exchanged. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53. The firm has a 50-day moving average price of $68.48 and a 200-day moving average price of $66.07. The stock has a market cap of $5.37 billion, a P/E ratio of 24.98 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company earned $163.30 million during the quarter, compared to analysts’ expectations of $159.22 million. During the same period in the previous year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) 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 shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in CBOE. Steinberg Global Asset Management purchased a new stake in shares of CBOE Holdings during the second quarter worth about $203,000. Tower Research Capital LLC TRC increased 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 worth $213,000 after buying an additional 1,115 shares during the period. Raymond James & Associates increased 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 worth $240,000 after buying an additional 76 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of CBOE Holdings during the second quarter worth about $246,000. Finally, DRW Securities LLC increased its stake in shares of 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. 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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