CBOE Holdings Inc. (CBOE) Price Target Raised to $66.00
CBOE Holdings Inc. (NASDAQ:CBOE) had its target price lifted by investment analysts at Jefferies Group from $62.00 to $66.00 in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential downside of 1.33% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Buckingham Research upgraded shares of CBOE Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $77.00 in a report on Tuesday, September 27th. Evercore ISI upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. 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 reiterated a “hold” rating on shares of CBOE Holdings in a report on Sunday, June 26th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. CBOE Holdings presently has a consensus rating of “Hold” and a consensus target price of $66.87.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.680% during midday trading on Tuesday, hitting $66.435. 612,706 shares of the company were exchanged. The company has a 50-day moving average of $68.12 and a 200 day moving average of $66.15. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53. The company has a market capitalization of $5.40 billion, a P/E ratio of 25.127 and a beta of 0.55.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/cboe-holdings-inc-cboe-price-target-raised-to-66-00.html
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business 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 firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts expect that CBOE Holdings will post $2.40 earnings per share for the current fiscal 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 1.38%. 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. Aperio Group LLC boosted its position in CBOE Holdings by 5.5% in the first quarter. Aperio Group LLC now owns 31,110 shares of the company’s stock worth $2,032,000 after buying an additional 1,621 shares during the period. BlackRock Group LTD boosted its position in CBOE Holdings by 66.4% in the first quarter. BlackRock Group LTD now owns 75,519 shares of the company’s stock worth $4,934,000 after buying an additional 30,147 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in CBOE Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,801 shares of the company’s stock worth $159,000,000 after buying an additional 9,704 shares during the period. BlackRock Japan Co. Ltd boosted its position in CBOE Holdings by 10.4% in the first quarter. BlackRock Japan Co. Ltd now owns 36,990 shares of the company’s stock worth $2,417,000 after buying an additional 3,490 shares during the period. Finally, M&T Bank Corp boosted its position in CBOE Holdings by 1.8% in the first quarter. M&T Bank Corp now owns 13,811 shares of the company’s stock worth $902,000 after buying an additional 249 shares during the period. 73.76% of the stock is owned by hedge funds and other institutional investors.
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).
Receive News & Ratings for CBOE Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBOE Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.