CBOE Holdings Inc. (CBOE) Given “Hold” Rating at Jefferies Group
Several other analysts have also commented on the company. Credit Agricole SA reaffirmed an underperform rating and issued a $68.00 price target on shares of CBOE Holdings in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on CBOE Holdings from $65.00 to $71.50 and gave the company a market perform rating in a research note on Tuesday. Buckingham Research raised CBOE Holdings from a neutral rating to a buy rating and boosted their price target for the company from $66.00 to $77.00 in a research note on Tuesday. Credit Suisse Group AG raised CBOE Holdings from an underperform rating to a neutral rating and boosted their price target for the company from $60.00 to $67.00 in a research note on Tuesday. Finally, Royal Bank Of Canada lowered CBOE Holdings from an outperform rating to a sector perform rating and decreased their price target for the company from $78.00 to $68.00 in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. CBOE Holdings has a consensus rating of Hold and an average target price of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.76% during trading on Tuesday, reaching $66.40. The company had a trading volume of 295,600 shares. CBOE Holdings has a 12 month low of $58.43 and a 12 month high of $72.53. The firm has a market capitalization of $5.40 billion, a PE ratio of 25.11 and a beta of 0.54. The stock has a 50 day moving average price of $68.48 and a 200 day moving average price of $66.07.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. During the same quarter last year, the firm earned $0.54 EPS. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that CBOE Holdings will post $2.40 EPS for the current year.
The business also recently disclosed 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 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 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 dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now owns 73,611 shares in the company, valued at $4,995,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P increased its stake in CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock worth $2,237,000 after buying an additional 226 shares in the last quarter. UBS Group AG boosted its position in CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock worth $14,954,000 after buying an additional 138,933 shares during the last quarter. Lazard Asset Management LLC boosted its position in CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares during the last quarter. State Street Corp boosted its position in CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock worth $141,096,000 after buying an additional 21,575 shares during the last quarter. Finally, Zebra Capital Management LLC boosted its position in CBOE Holdings by 30.5% in the first quarter. Zebra Capital Management LLC now owns 28,778 shares of the company’s stock worth $1,880,000 after buying an additional 6,718 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.
CBOE Holdings Company Profile
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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