Other research analysts also recently issued research reports about the stock. Buckingham Research upgraded shares of CBOE Holdings from a neutral rating to a buy rating and boosted their price objective for the stock from $66.00 to $77.00 in a report on Tuesday, September 27th. Zacks Investment Research upgraded shares of CBOE Holdings from a sell rating to a hold rating in a report on Monday, July 4th. Deutsche Bank AG restated a hold rating on shares of CBOE Holdings in a report on Sunday, June 26th. JPMorgan Chase & Co. restated a hold rating and set a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Finally, Wells Fargo & Co. restated a hold rating on shares of CBOE Holdings in a report on Friday, September 23rd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $66.87.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.69% during trading on Tuesday, reaching $66.64. The company had a trading volume of 182,931 shares. CBOE Holdings has a 52-week low of $58.43 and a 52-week high of $72.53. The stock has a 50 day moving average of $68.08 and a 200 day moving average of $66.15. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 25.20 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities research analysts forecast that CBOE Holdings will post $2.40 EPS for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is presently 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the business’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 transaction, 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 SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Raymond James & Associates increased its position 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 in the last quarter. Private Advisor Group LLC increased 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 increased 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 increased 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 increased 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. 73.76% of the stock is owned by 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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