CBOE Holdings, Inc. (CBOE) Receives New Coverage from Analysts at Barclays PLC
Research analysts at Barclays PLC started coverage on shares of CBOE Holdings, Inc. (NASDAQ:CBOE) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage set an “equal weight” rating and a $105.00 price target on the financial services provider’s stock. Barclays PLC’s price target indicates a potential upside of 0.25% from the stock’s previous close.
Several other equities analysts have also recently commented on CBOE. Deutsche Bank AG boosted their price target on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price objective on shares of CBOE Holdings in a research note on Thursday, August 24th. BidaskClub lowered shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Finally, Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $80.09.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 1.02% on Friday, hitting $104.74. The company had a trading volume of 1,126,133 shares. The company has a 50 day moving average of $97.44 and a 200-day moving average of $87.84. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 57.27 and a beta of 0.49. CBOE Holdings has a 12-month low of $61.58 and a 12-month high of $105.91.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the previous year, the company posted $0.60 EPS. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. On average, analysts forecast that CBOE Holdings will post $3.39 earnings per share for the current year.
In other news, VP Christopher A. Isaacson sold 7,020 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $100.61, for a total transaction of $706,282.20. Following the completion of the transaction, the vice president now owns 97,897 shares of the company’s stock, valued at $9,849,417.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $97.14, for a total transaction of $147,652.80. Following the transaction, the director now directly owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold 216,556 shares of company stock valued at $21,106,308 in the last ninety days. 1.86% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of CBOE Holdings by 5.3% during the first quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock valued at $7,129,000 after buying an additional 4,461 shares during the last quarter. FMR LLC raised its position in shares of CBOE Holdings by 52.0% during the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock valued at $766,920,000 after buying an additional 3,238,234 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of CBOE Holdings by 77.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock valued at $446,000 after buying an additional 2,403 shares during the last quarter. State Street Corp raised its position in shares of CBOE Holdings by 68.2% during the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after buying an additional 1,424,071 shares during the last quarter. Finally, General Atlantic LLC acquired a new position in shares of CBOE Holdings during the first quarter valued at about $230,006,000. 82.49% 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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