CBOE Holdings Inc. (CBOE) Receives Average Rating of “Hold” from Analysts
CBOE Holdings Inc. (NASDAQ:CBOE) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company. Five analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $66.50.
Several brokerages have weighed in on CBOE. Wells Fargo & Co. reaffirmed a “hold” rating on shares of CBOE Holdings in a report on Friday, September 23rd. Barclays PLC reaffirmed an “underweight” rating and issued a $52.00 price objective (down from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. 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. Deutsche Bank AG lifted their price objective on CBOE Holdings from $67.00 to $68.00 and gave the company a “hold” rating in a report on Friday, September 9th. Finally, Zacks Investment Research cut CBOE Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.46% during midday trading on Wednesday, hitting $66.79. The company had a trading volume of 233,749 shares. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53. The firm has a market capitalization of $5.43 billion, a P/E ratio of 25.26 and a beta of 0.55. The firm’s 50-day moving average is $68.08 and its 200-day moving average is $66.15.
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 https://www.americanbankingnews.com/2016/10/12/cboe-holdings-inc-cboe-receives-average-rating-of-hold-from-analysts.html
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm earned $163.30 million during the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. On average, analysts predict that CBOE Holdings will post $2.40 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the transaction, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $240,000 after buying an additional 76 shares in the last quarter. Private Advisor Group LLC increased its position in shares of CBOE Holdings by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,678 shares of the company’s stock worth $514,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of CBOE Holdings by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock worth $2,178,000 after buying an additional 100 shares in the last quarter. DRW Securities LLC increased its position in shares of CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock worth $295,000 after buying an additional 100 shares in the last quarter. Finally, Commerce Bank increased its position in shares of CBOE Holdings by 2.1% in the second quarter. Commerce Bank now owns 6,737 shares of the company’s stock worth $449,000 after buying an additional 137 shares in the last quarter. 73.76% of the stock is currently 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).
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.