CBOE Holdings’ (CBOE) “Underperform” Rating Reaffirmed at Credit Agricole SA
Credit Agricole SA restated their underperform rating on shares of CBOE Holdings Inc. (NASDAQ:CBOE) in a research note released on Tuesday. The brokerage currently has a $68.00 price target on the stock.
Several other equities research analysts have also recently issued reports on CBOE. Zacks Investment Research cut shares of CBOE Holdings from a hold rating to a sell rating in a research report on Thursday, June 9th. Deutsche Bank AG reissued a hold rating on shares of CBOE Holdings in a research report on Sunday, June 26th. Barclays PLC boosted their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the company an underweight rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. reissued a hold rating and issued a $61.00 price objective on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Finally, Bank of America Corp. lowered shares of CBOE Holdings from a neutral rating to an underperform rating and reduced their price target for the company from $68.29 to $65.00 in a report on Thursday, August 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. CBOE Holdings currently has a consensus rating of Hold and an average target price of $65.46.
CBOE Holdings (NASDAQ:CBOE) traded down 0.76% during trading on Tuesday, reaching $66.40. 295,600 shares of the company were exchanged. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The company’s 50-day moving average price is $68.48 and its 200-day moving average price is $66.07. The stock has a market capitalization of $5.40 billion, a P/E ratio of 25.11 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company earned $163.30 million during the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, September 2nd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 1.37%. CBOE Holdings’s payout ratio is 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CBOE. Steinberg Global Asset Management bought a new position in shares of CBOE Holdings during the second quarter worth about $203,000. Tower Research Capital LLC TRC increased its stake in CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock valued at $213,000 after buying an additional 1,115 shares during the period. Raymond James & Associates increased its stake in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock valued at $240,000 after buying an additional 76 shares during the period. Quadrature Capital Ltd acquired a new stake in CBOE Holdings during the second quarter valued at approximately $246,000. Finally, DRW Securities LLC increased 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 during the period. Institutional investors and hedge funds own 74.20% 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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