CBOE Holdings, Inc. (CBOE) Receives Average Recommendation of “Hold” from Brokerages

CBOE Holdings, Inc. (NASDAQ:CBOE) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $106.00.

CBOE has been the topic of several research reports. Bank of America upped their price target on CBOE from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $108.00 price target on shares of CBOE in a research report on Thursday, October 12th. Jefferies Group reissued a “hold” rating and set a $92.00 price target on shares of CBOE in a research report on Thursday, August 24th. Zacks Investment Research raised CBOE from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Monday, October 9th. Finally, Citigroup upped their price target on CBOE from $93.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th.

In other CBOE news, Director Christopher Mitchell sold 670 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $120.89, for a total value of $80,996.30. Following the sale, the director now directly owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $105.52, for a total value of $527,600.00. Following the completion of the sale, the chairman now directly owns 75,611 shares in the company, valued at $7,978,472.72. The disclosure for this sale can be found here. Insiders sold 9,670 shares of company stock worth $1,045,076 over the last ninety days. 1.86% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in CBOE by 6,258.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 349,880 shares of the financial services provider’s stock worth $31,979,000 after buying an additional 344,377 shares during the period. State of Wisconsin Investment Board grew its stake in shares of CBOE by 8.2% in the third quarter. State of Wisconsin Investment Board now owns 95,227 shares of the financial services provider’s stock worth $10,249,000 after purchasing an additional 7,178 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of CBOE by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock worth $42,133,000 after purchasing an additional 15,956 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of CBOE by 16.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 35,010 shares of the financial services provider’s stock worth $3,201,000 after purchasing an additional 5,010 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of CBOE by 135.3% in the second quarter. American Century Companies Inc. now owns 1,258,358 shares of the financial services provider’s stock worth $115,014,000 after purchasing an additional 723,512 shares in the last quarter. 84.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBOE (CBOE) opened at $124.25 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $14,097.13, a P/E ratio of 39.20, a P/E/G ratio of 2.09 and a beta of 0.52. CBOE has a 52-week low of $69.95 and a 52-week high of $125.04.

CBOE (NASDAQ:CBOE) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. CBOE had a return on equity of 14.70% and a net margin of 10.55%. The business’s revenue was up 98.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. research analysts predict that CBOE will post 3.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 30th. CBOE’s dividend payout ratio is presently 58.70%.

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CBOE Company Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for CBOE (NASDAQ:CBOE)

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