CBOE Holdings Inc. (CBOE) Stock Price Up 0.2% on Analyst Upgrade
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) were up 0.2% during mid-day trading on Tuesday after Jefferies Group raised their price target on the stock from $62.00 to $66.00. Jefferies Group currently has a hold rating on the stock. CBOE Holdings traded as high as $67.65 and last traded at $67.04, with a volume of 536,892 shares traded. The stock had previously closed at $66.89.
Other equities analysts also recently issued research reports about the stock. Buckingham Research raised shares of CBOE Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $77.00 in a report on Tuesday, September 27th. Evercore ISI raised shares of CBOE Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of CBOE Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of CBOE Holdings in a report on Sunday, June 26th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and an average price target of $66.87.
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 sale, the chief executive officer now directly owns 73,611 shares in the company, valued at $4,995,242.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.
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A number of large investors have recently modified their holdings of the company. Raymond James & Associates boosted 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 valued at $240,000 after buying an additional 76 shares during the period. 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 valued at $514,000 after buying an additional 82 shares during the last quarter. 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 valued at $2,178,000 after buying an additional 100 shares during the last quarter. 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 valued at $295,000 after buying an additional 100 shares during the last quarter. 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 valued at $449,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.
The company has a market cap of $5.45 billion, a PE ratio of 25.38 and a beta of 0.55. The stock has a 50 day moving average of $68.12 and a 200-day moving average of $66.15.
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, hitting the consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The firm earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that CBOE Holdings Inc. will post $2.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s payout ratio is presently 37.88%.
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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