CBOE Holdings’ (CBOE) “Sell” Rating Reaffirmed at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their sell rating on shares of CBOE Holdings Inc. (NASDAQ:CBOE) in a research note released on Tuesday morning. The brokerage currently has a $61.00 price objective on the stock.
A number of other equities research analysts also recently commented on CBOE. Zacks Investment Research downgraded shares of CBOE Holdings from a hold rating to a sell rating in a report on Thursday, June 9th. Deutsche Bank AG reiterated a hold rating on shares of CBOE Holdings in a report on Sunday, June 26th. Barclays PLC lifted their price target on shares of CBOE Holdings from $51.00 to $53.00 and gave the stock an underweight rating in a report on Thursday, July 7th. JPMorgan Chase & Co. reiterated a hold rating and set a $61.00 price target on shares of CBOE Holdings in a report on Wednesday, August 3rd. Finally, Bank of America Corp. downgraded shares of CBOE Holdings from a neutral rating to an underperform rating and lowered their price target for the stock from $68.29 to $65.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $65.46.
CBOE Holdings (NASDAQ:CBOE) traded down 0.560% during mid-day trading on Tuesday, hitting $66.535. 214,058 shares of the stock traded hands. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 25.165 and a beta of 0.54. The firm’s 50-day moving average is $68.48 and its 200-day moving average is $66.07. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts expect that CBOE Holdings will post $2.40 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.23 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.37%. CBOE Holdings’s dividend payout ratio is presently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $67.86, for a total value of $424,125.00. Following the sale, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CBOE. State Street Corp boosted its stake in CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock valued at $141,096,000 after buying an additional 21,575 shares in the last quarter. Geode Capital Management LLC boosted its stake in CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock valued at $38,222,000 after buying an additional 20,152 shares in the last quarter. DRW Securities LLC boosted its stake in CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock valued at $295,000 after buying an additional 100 shares in the last quarter. Credit Agricole S A boosted its stake in CBOE Holdings by 301.2% in the first quarter. Credit Agricole S A now owns 116,858 shares of the company’s stock valued at $7,635,000 after buying an additional 87,732 shares in the last quarter. Finally, UBS Group AG boosted its stake in CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock valued at $14,954,000 after buying an additional 138,933 shares in the last quarter. 74.20% of the stock is currently owned by hedge funds and other 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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