CBOE Holdings Inc. (CBOE) Upgraded to “Outperform” by Wells Fargo & Co.
Wells Fargo & Co. upgraded shares of CBOE Holdings Inc. (NASDAQ:CBOE) from a market perform rating to an outperform rating in a report published on Tuesday. The firm currently has $80.50 price target on the stock, up from their prior price target of $67.50.
A number of other brokerages have also recently issued reports on CBOE. Goldman Sachs Group Inc. reissued a sell rating and set a $61.00 target price on shares of CBOE Holdings in a report on Tuesday, September 27th. RBC Capital Markets cut shares of CBOE Holdings from an outperform rating to a sector perform rating and lowered their target price for the company from $78.00 to $68.00 in a report on Tuesday, September 27th. Credit Suisse Group AG raised shares of CBOE Holdings from an underperform rating to a neutral rating and boosted their target price for the company from $60.00 to $67.00 in a report on Tuesday, September 27th. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $67.00 to $68.00 and gave the company a hold rating in a report on Friday, September 9th. Finally, Barclays PLC reissued an underweight rating and set a $52.00 target price (down previously from $54.00) on shares of CBOE Holdings in a report on Friday, September 2nd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $66.60.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 0.27% on Tuesday, hitting $67.02. The stock had a trading volume of 280,021 shares. The company has a market capitalization of $5.45 billion, a PE ratio of 25.35 and a beta of 0.55. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The firm has a 50-day moving average of $68.19 and a 200 day moving average of $66.07.
CBOE Holdings (NASDAQ:CBOE) last posted 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 company had revenue of $163.30 million for 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%. CBOE Holdings’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, equities analysts anticipate that CBOE Holdings will post $2.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s payout ratio is currently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the stock in a transaction dated Monday, September 12th. The shares were 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 directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CBOE. Lazard Asset Management LLC boosted its stake in shares of 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 period. Norges Bank acquired a new stake in shares of CBOE Holdings during the fourth quarter worth $45,780,000. Emerald Acquisition Ltd. acquired a new stake in shares of CBOE Holdings during the second quarter worth $28,426,000. UBS Asset Management Americas Inc. boosted its stake in shares of CBOE Holdings by 537.5% in the second quarter. UBS Asset Management Americas Inc. now owns 365,071 shares of the company’s stock worth $24,321,000 after buying an additional 307,808 shares during the period. Finally, FIL Ltd acquired a new stake in shares of CBOE Holdings during the second quarter worth $18,750,000. 74.20% of the stock is owned by institutional investors.
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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