BidaskClub Upgrades CBOE Holdings, Inc. (NASDAQ:CBOE) to “Strong-Buy”
CBOE Holdings, Inc. (NASDAQ:CBOE) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.
Several other equities analysts have also recently weighed in on CBOE. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “sell” rating in a research note on Tuesday, March 7th. Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective on shares of CBOE Holdings in a research note on Monday, April 10th. Royal Bank Of Canada restated an “outperform” rating and set a $90.00 price objective on shares of CBOE Holdings in a research note on Friday, March 31st. Finally, Deutsche Bank AG raised their price objective on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. CBOE Holdings has a consensus rating of “Buy” and a consensus target price of $73.63.
CBOE Holdings (CBOE) traded up 0.44% during mid-day trading on Friday, hitting $91.40. 909,964 shares of the stock were exchanged. The company has a market capitalization of $10.24 billion, a PE ratio of 51.00 and a beta of 0.53. The stock has a 50 day moving average price of $87.49 and a 200 day moving average price of $81.02. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $91.80.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. The company had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $208.30 million. During the same period last year, the business earned $0.60 EPS. CBOE Holdings’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that CBOE Holdings will post $3.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, May 31st. CBOE Holdings’s dividend payout ratio is presently 54.64%.
In other news, VP Christopher A. Isaacson sold 7,316 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the sale, the chairman now directly owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,316 shares of company stock valued at $21,150,160. Insiders own 0.96% of the company’s stock.
Several large investors have recently made changes to their positions in CBOE. TrimTabs Asset Management LLC raised its stake in shares of 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 in the last quarter. Royce & Associates LP acquired a new stake in shares of CBOE Holdings during the first quarter valued at about $180,000. Oppenheimer & Co. Inc. acquired a new stake in shares of CBOE Holdings during the first quarter valued at about $201,000. Bessemer Group Inc. acquired a new stake in shares of CBOE Holdings during the fourth quarter valued at about $205,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of CBOE Holdings during the fourth quarter valued at about $225,000. 78.86% of the stock is owned by hedge funds and other 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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