CBOE Holdings, Inc. (CBOE) Receives “Hold” Rating from Jefferies Group LLC
CBOE Holdings, Inc. (NASDAQ:CBOE)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group LLC in a note issued to investors on Tuesday. They currently have a $92.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price target indicates a potential downside of 15.65% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Deutsche Bank AG increased their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Finally, Citigroup Inc. began coverage on shares of CBOE Holdings in a report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. CBOE Holdings has a consensus rating of “Buy” and an average target price of $84.75.
CBOE Holdings (CBOE) traded up 0.82% during midday trading on Tuesday, reaching $109.07. 1,019,023 shares of the company were exchanged. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 59.63 and a beta of 0.49. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $109.61. The firm’s 50-day moving average price is $102.62 and its 200 day moving average price is $91.06.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Equities analysts predict that CBOE Holdings will post $3.39 earnings per share for the current year.
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In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of the firm’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 directly owns 14,241 shares in the company, valued at $1,383,370.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Mitchell sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $97.65, for a total value of $19,530,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,240 shares of company stock valued at $20,981,248. 1.86% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in CBOE. Public Employees Retirement System of Ohio boosted its stake in shares of CBOE Holdings by 5.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock worth $7,129,000 after acquiring an additional 4,461 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of CBOE Holdings by 6,258.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 349,880 shares of the financial services provider’s stock valued at $31,979,000 after acquiring an additional 344,377 shares during the last quarter. State Street Corp increased its holdings in shares of CBOE Holdings by 68.2% during the 1st quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after acquiring an additional 1,424,071 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of CBOE Holdings by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock valued at $42,133,000 after acquiring an additional 15,956 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of CBOE Holdings by 135.3% during the 2nd quarter. American Century Companies Inc. now owns 1,258,358 shares of the financial services provider’s stock valued at $115,014,000 after acquiring an additional 723,512 shares during the last quarter. 82.45% of the stock is owned by institutional investors.
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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