CBOE Holdings, Inc (CBOE) Declares Quarterly Dividend of $0.25
CBOE Holdings, Inc (NASDAQ:CBOE) declared a quarterly dividend on Friday, May 19th. Stockholders of record on Friday, June 2nd will be given a dividend of 0.25 per share by the financial services provider on Friday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, May 31st.
CBOE Holdings (NASDAQ:CBOE) traded up 0.75% during trading on Friday, hitting $85.04. The stock had a trading volume of 2,965,273 shares. The stock has a market capitalization of $9.53 billion, a P/E ratio of 47.46 and a beta of 0.66. CBOE Holdings has a 52 week low of $61.58 and a 52 week high of $86.28. The company has a 50-day moving average of $82.60 and a 200-day moving average of $76.86.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.10. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $208.30 million. CBOE Holdings had a return on equity of 70.50% and a net margin of 28.74%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities analysts expect that CBOE Holdings will post $3.37 earnings per share for the current fiscal year.
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In other news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $78.61, for a total value of $393,050.00. Following the transaction, the chairman now owns 85,611 shares in the company, valued at $6,729,880.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher Mitchell sold 470,000 shares of CBOE Holdings stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $78.26, for a total value of $36,782,200.00. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on CBOE shares. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Tuesday, April 11th. Bank of America Corp raised CBOE Holdings from an “underperform” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, January 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 price target on shares of CBOE Holdings in a research note on Monday, April 10th. Deutsche Bank AG lifted their price target on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Finally, Royal Bank of Canada set a $90.00 price target on CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $72.53.
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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