Deutsche Bank AG Boosts CBOE Holdings Inc. (CBOE) Price Target to $70.00
CBOE Holdings Inc. (NASDAQ:CBOE) had its target price upped by investment analysts at Deutsche Bank AG from $68.00 to $70.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 4.73% from the company’s current price.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut CBOE Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Credit Suisse Group AG reiterated a “sell” rating and set a $60.00 price objective on shares of CBOE Holdings in a report on Monday, September 26th. Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and decreased their price objective 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. Wells Fargo & Co. upgraded CBOE Holdings from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $67.50 to $80.50 in a report on Tuesday. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a $61.00 price objective on shares of CBOE Holdings in a report on Tuesday, September 27th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.60.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 0.21% during mid-day trading on Wednesday, hitting $66.98. The company had a trading volume of 230,960 shares. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The company has a 50-day moving average price of $68.19 and a 200-day moving average price of $66.07. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.33 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. On average, equities analysts anticipate 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. Shareholders of record on Friday, September 2nd were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.38%. CBOE Holdings’s payout ratio is currently 37.88%.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.
Several large investors have recently bought and sold shares of CBOE. Steinberg Global Asset Management acquired a new stake in CBOE Holdings during the second quarter worth approximately $203,000. Tower Research Capital LLC TRC boosted 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 worth $213,000 after buying an additional 1,115 shares during the period. Raymond James & Associates boosted 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 worth $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 worth approximately $246,000. Finally, 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 worth $295,000 after buying an additional 100 shares during the period. 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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