CBOE Holdings Inc. (CBOE) PT Raised to $71.50 at Keefe, Bruyette & Woods
CBOE Holdings Inc. (NASDAQ:CBOE) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $65.00 to $71.50 in a research note issued on Tuesday. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.83% from the stock’s current price.
A number of other 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 research note on Thursday, June 9th. Deutsche Bank AG reaffirmed a “hold” rating on shares of CBOE Holdings in a research note on Sunday, June 26th. Barclays PLC upped their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $61.00 price objective on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. downgraded shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $68.29 to $65.00 in a research note 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 given a buy rating to the company. CBOE Holdings presently has an average rating of “Hold” and a consensus price target of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.31 on Tuesday. The firm has a market capitalization of $5.39 billion, a PE ratio of 25.08 and a beta of 0.54. CBOE Holdings has a 12 month low of $58.43 and a 12 month high of $72.53. The stock has a 50 day moving average of $68.42 and a 200-day moving average of $66.08.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is presently 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 stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the transaction, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock worth $289,850,000 after buying an additional 37,000 shares in the last quarter. BlackRock Fund Advisors boosted its position in CBOE Holdings by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,990,390 shares of the company’s stock worth $199,220,000 after buying an additional 97,984 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in CBOE Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,460,088 shares of the company’s stock worth $163,891,000 after buying an additional 26,287 shares in 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 in the last quarter. Finally, 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 in the last quarter. Hedge funds and other institutional investors 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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