CBOE Holdings, Inc. (CBOE) Price Target Raised to $89.00
CBOE Holdings, Inc. (NASDAQ:CBOE) had its price target raised by stock analysts at Deutsche Bank AG from $88.00 to $89.00 in a note issued to investors on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential downside of 5.96% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price (up previously from $85.00) on shares of CBOE Holdings in a report on Monday, July 17th. Citigroup Inc. started coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 target price for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and an average target price of $76.97.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 1.22% on Monday, hitting $94.64. 1,151,692 shares of the stock were exchanged. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $95.35. The stock’s 50-day moving average is $91.72 and its 200-day moving average is $84.01. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 52.81 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Analysts forecast that CBOE Holdings will post $3.38 earnings per share for the current year.
In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.85, for a total transaction of $434,250.00. Following the completion of the transaction, the chairman now owns 80,611 shares in the company, valued at $7,001,065.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher A. Isaacson sold 7,316 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The disclosure for this sale can be found here. Insiders have sold 237,316 shares of company stock valued at $21,150,160 in the last quarter. Company insiders own 0.96% of the company’s stock.
Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock worth $643,485,000 after buying an additional 1,803,114 shares in the last quarter. BlackRock Inc. raised its position in shares of CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock worth $397,614,000 after buying an additional 4,855,309 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock worth $362,164,000 after buying an additional 81,200 shares in the last quarter. Finally, State Street Corp raised its position in shares of CBOE Holdings by 68.2% in the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock worth $284,612,000 after buying an additional 1,424,071 shares in the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.
About CBOE Holdings
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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