CBOE Holdings, Inc. (CBOE) Stock Rating Lowered by BidaskClub
CBOE Holdings, Inc. (NASDAQ:CBOE) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.
CBOE has been the subject of several other reports. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, April 11th. Royal Bank Of Canada set a $90.00 target price on CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. Deutsche Bank AG lifted their target price 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, Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price on shares of CBOE Holdings in a research note on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. CBOE Holdings presently has an average rating of “Buy” and a consensus price target of $73.63.
Shares of CBOE Holdings (NASDAQ CBOE) traded up 0.23% on Thursday, hitting $88.77. The stock had a trading volume of 850,248 shares. The company has a market cap of $9.95 billion, a PE ratio of 49.54 and a beta of 0.53. CBOE Holdings has a 52 week low of $61.58 and a 52 week high of $90.29. The stock’s 50-day moving average price is $86.28 and its 200 day moving average price is $80.34.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. The firm had revenue of $193.40 million during the quarter, compared to the consensus estimate of $208.30 million. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, analysts predict that CBOE Holdings will post $3.37 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.00 annualized dividend and a yield of 1.13%. CBOE Holdings’s payout ratio is currently 54.64%.
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In related news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the sale, the chairman now directly owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,316 shares of company stock valued at $21,543,210. 0.96% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake in CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $128,000 after buying an additional 744 shares during the last quarter. Royce & Associates LP purchased a new stake in CBOE Holdings during the first quarter valued at $180,000. Oppenheimer & Co. Inc. purchased a new stake in CBOE Holdings during the first quarter valued at $201,000. Bessemer Group Inc. purchased a new stake in CBOE Holdings during the fourth quarter valued at $205,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in CBOE Holdings during the fourth quarter valued at $224,000. 78.86% of the stock is owned by institutional investors and hedge funds.
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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