Wells Fargo & Co. upgraded shares of CBOE Holdings Inc. (NASDAQ:CBOE) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning. They currently have $80.50 price target on the stock, up from their prior price target of $67.50.
Several other equities analysts also recently commented on CBOE. Zacks Investment Research downgraded shares of CBOE Holdings from a hold rating to a sell rating in a report on Thursday, June 9th. Deutsche Bank AG reiterated a hold rating on shares of CBOE Holdings in a report on Sunday, June 26th. Barclays PLC upped their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the company an underweight rating in a report on Thursday, July 7th. JPMorgan Chase & Co. restated a hold rating and issued a $61.00 price target on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. downgraded shares of CBOE Holdings from a neutral rating to an underperform rating and decreased their price target for the company from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $66.60.
CBOE Holdings (NASDAQ:CBOE) opened at 67.85 on Tuesday. The firm has a 50 day moving average of $68.16 and a 200-day moving average of $66.12. CBOE Holdings has a 52 week low of $58.43 and a 52 week high of $72.53. The company has a market capitalization of $5.52 billion, a P/E ratio of 25.66 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that CBOE Holdings 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 issued a $0.23 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.36%. CBOE Holdings’s dividend payout ratio (DPR) is currently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the 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 owns 73,611 shares of the company’s stock, 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 hyperlink. 0.96% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CBOE. Lazard Asset Management LLC raised its position in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares during the period. Norges Bank acquired a new position in shares of CBOE Holdings during the fourth quarter worth about $45,780,000. Emerald Acquisition Ltd. acquired a new position in shares of CBOE Holdings during the second quarter worth about $28,426,000. UBS Asset Management Americas Inc. raised its position in shares of CBOE Holdings by 537.5% in the second quarter. UBS Asset Management Americas Inc. now owns 365,071 shares of the company’s stock worth $24,321,000 after buying an additional 307,808 shares during the period. Finally, FIL Ltd acquired a new position in shares of CBOE Holdings during the second quarter worth about $18,750,000. 73.76% of the stock is 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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