CBOE Holdings’ (CBOE) Outperform Rating Reaffirmed at Wells Fargo & Company
CBOE Holdings, Inc. (NASDAQ:CBOE)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wells Fargo & Company in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $120.00 price objective on the financial services provider’s stock, up from their prior price objective of $106.00. Wells Fargo & Company’s price target would suggest a potential upside of 10.65% from the stock’s previous close. The analysts noted that the move was a valuation call.
CBOE has been the topic of several other reports. Citigroup Inc. began coverage on shares of CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price target on the stock. Barclays PLC began coverage on shares of CBOE Holdings in a research note on Friday, September 8th. They set an “equal weight” rating and a $105.00 price target on the stock. BidaskClub downgraded shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price target (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Finally, Royal Bank Of Canada set a $100.00 price target on shares of CBOE Holdings and gave the stock a “buy” rating in a research note on Monday, September 11th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. CBOE Holdings has a consensus rating of “Buy” and an average price target of $88.04.
CBOE Holdings (NASDAQ:CBOE) traded down 0.83% during midday trading on Thursday, reaching $108.43. 932,273 shares of the company’s stock were exchanged. The stock has a market cap of $12.23 billion, a PE ratio of 59.28 and a beta of 0.50. The firm has a 50 day moving average of $103.30 and a 200-day moving average of $91.39. CBOE Holdings has a 12 month low of $61.58 and a 12 month high of $110.21.
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, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $266.90 million for 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 business’s revenue was up 85.2% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts predict that CBOE Holdings will post $3.40 earnings per share for the current year.
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In related news, Director Carole E. Stone sold 1,520 shares of CBOE Holdings stock in a transaction 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 sale, the director now owns 14,241 shares in the company, valued at $1,383,370.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher A. Isaacson sold 7,020 shares of CBOE Holdings stock in a transaction on 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 sale, the vice president now owns 97,897 shares in the company, valued at approximately $9,849,417.17. The disclosure for this sale can be found here. Insiders sold 214,240 shares of company stock worth $20,981,248 in the last 90 days. Company insiders own 1.86% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CBOE. BlackRock Inc. boosted its holdings in 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 valued at $397,614,000 after acquiring an additional 4,855,309 shares in the last quarter. General Atlantic LLC bought a new stake in CBOE Holdings in the first quarter valued at $230,006,000. Vanguard Group Inc. boosted its holdings in CBOE Holdings by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after acquiring an additional 1,886,113 shares in the last quarter. FMR LLC boosted its holdings in CBOE Holdings by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after acquiring an additional 1,519,882 shares in the last quarter. Finally, State Street Corp boosted its holdings in 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 valued at $284,612,000 after acquiring an additional 1,424,071 shares in the last quarter. Institutional investors and hedge funds own 82.45% 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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