CBOE Holdings, Inc. (CBOE) Given Consensus Rating of “Buy” by Brokerages
CBOE Holdings, Inc. (NASDAQ:CBOE) has earned a consensus recommendation of “Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $80.68.
A number of equities research analysts recently weighed in on CBOE shares. BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. 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 research report on Monday, August 7th. Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target on shares of CBOE Holdings in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price target (up from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th.
CBOE Holdings (NASDAQ CBOE) opened at 105.43 on Wednesday. The firm has a market capitalization of $11.89 billion, a P/E ratio of 57.64 and a beta of 0.49. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $106.53. The company has a 50 day moving average price of $99.71 and a 200 day moving average price of $89.27.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The firm had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the previous year, the company earned $0.60 earnings per share. CBOE Holdings’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, equities analysts forecast that CBOE Holdings will post $3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, August 30th. CBOE Holdings’s payout ratio is 59.67%.
In other news, Director Frank E. Jr. English sold 700 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the transaction, the director now directly owns 4,514 shares in the company, valued at $449,549.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the transaction, the director now owns 14,241 shares in the company, valued at $1,383,370.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,240 shares of company stock worth $20,981,248. Company insiders own 1.86% of the company’s stock.
Several institutional investors have recently modified their holdings of CBOE. Strs Ohio acquired a new position in shares of CBOE Holdings during the second quarter worth about $120,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of CBOE Holdings by 1.5% during 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 acquiring an additional 20 shares during the period. Royce & Associates LP acquired a new position in shares of CBOE Holdings during the first quarter worth about $180,000. Huntington National Bank acquired a new position in shares of CBOE Holdings during the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of CBOE Holdings during the second quarter worth about $183,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
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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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