CBOE Holdings Inc. (NASDAQ:CBOE)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a report issued on Wednesday. They currently have a $32.50 target price on the stock, up from their prior target price of $26.00. Morgan Stanley’s target price indicates a potential downside of 51.35% from the stock’s previous close.
CBOE has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated a “hold” rating and set a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Wells Fargo & Co. reiterated a “hold” rating on shares of CBOE Holdings in a research report on Friday, September 23rd. Evercore ISI upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday. Credit Agricole SA reissued an “underperform” rating and set a $68.00 price target on shares of CBOE Holdings in a report on Tuesday, September 27th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a report on Sunday, July 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. CBOE Holdings presently has a consensus rating of “Hold” and a consensus price target of $65.26.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.43% during trading on Wednesday, hitting $66.81. The company’s stock had a trading volume of 692,651 shares. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53. The stock has a market cap of $5.43 billion, a PE ratio of 25.27 and a beta of 0.55. The company has a 50-day moving average price of $68.08 and a 200-day moving average price of $66.15.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) is 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction of $424,125.00. Following the completion of the transaction, the chief executive officer now directly owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CBOE. Steinberg Global Asset Management bought a new position in shares of CBOE Holdings during the second quarter valued at about $203,000. Tower Research Capital LLC TRC increased its position 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 in the last quarter. Fox Run Management L.L.C. bought a new position in shares of CBOE Holdings during the third quarter valued at about $220,000. 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 valued at $240,000 after buying an additional 76 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of CBOE Holdings during the second quarter valued at about $246,000. Hedge funds and other institutional investors own 73.76% 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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