CBOE Holdings, Inc. (CBOE) Given Consensus Rating of “Buy” by Analysts
CBOE Holdings, Inc. (NASDAQ:CBOE) has been given a consensus rating of “Buy” by the eighteen analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $78.70.
A number of equities analysts recently issued reports on CBOE shares. BidaskClub lowered shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Friday, July 14th. 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 research report on Monday, July 17th. Deutsche Bank AG increased their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. started coverage on shares of CBOE Holdings in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 target price for the company.
In other news, Director Carole E. Stone sold 1,520 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $97.14, for a total value of $147,652.80. Following the completion of the sale, the director now directly owns 14,241 shares of the company’s stock, valued at $1,383,370.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $89.17, for a total transaction of $20,063,250.00. The disclosure for this sale can be found here. Insiders have sold 438,836 shares of company stock valued at $40,827,813 over the last ninety days. Insiders own 0.96% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in CBOE Holdings during the second quarter worth about $120,000. Bronfman E.L. Rothschild L.P. raised its stake in CBOE Holdings by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after buying an additional 20 shares during the period. TrimTabs Asset Management LLC raised 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 worth $128,000 after buying an additional 744 shares during the period. Royce & Associates LP bought a new stake in CBOE Holdings during the first quarter worth about $180,000. Finally, Huntington National Bank bought a new stake in CBOE Holdings during the second quarter worth about $182,000. 79.66% of the stock is owned by institutional investors and hedge funds.
CBOE Holdings (NASDAQ CBOE) opened at 99.77 on Friday. The firm has a 50 day moving average of $94.99 and a 200-day moving average of $86.38. CBOE Holdings has a 12 month low of $61.58 and a 12 month high of $99.99. The firm has a market cap of $11.25 billion, a P/E ratio of 54.55 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that CBOE Holdings will post $3.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.08%. CBOE Holdings’s dividend payout ratio is currently 55.25%.
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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