CBOE Holdings Inc. (CBOE) Upgraded to “Buy” at Evercore ISI
CBOE Holdings Inc. (NASDAQ:CBOE) was upgraded by stock analysts at Evercore ISI from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports.
A number of other equities research analysts also recently weighed in on CBOE. Wells Fargo & Co. restated a “hold” rating on shares of CBOE Holdings in a research report on Friday, September 23rd. Barclays PLC restated an “underweight” rating and set a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. JPMorgan Chase & Co. restated a “hold” rating and set a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Deutsche Bank AG boosted their target price on CBOE Holdings from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. Finally, Zacks Investment Research downgraded CBOE Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $66.60.
CBOE Holdings (NASDAQ:CBOE) opened at 66.89 on Tuesday. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.30 and a beta of 0.55. The stock’s 50 day moving average price is $68.12 and its 200-day moving average price is $66.15. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53.
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CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that CBOE Holdings will post $2.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. CBOE Holdings’s dividend payout ratio is currently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,995,242.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock valued at $289,850,000 after buying an additional 37,000 shares in the last quarter. Geode Capital Management LLC boosted its position in CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock valued at $38,222,000 after buying an additional 20,152 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock valued at $2,237,000 after buying an additional 226 shares in the last quarter. UBS Group AG boosted its position in CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock valued at $14,954,000 after buying an additional 138,933 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock valued at $121,464,000 after buying an additional 806,144 shares in the last quarter. 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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