CBOE Holdings Inc. (CBOE) Price Target Raised to $66.00
CBOE Holdings Inc. (NASDAQ:CBOE) had its price target hoisted by investment analysts at Jefferies Group from $62.00 to $66.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 1.33% from the stock’s previous close.
Several other research analysts have also recently commented on CBOE. Zacks Investment Research upgraded shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Deutsche Bank AG restated a “hold” rating on shares of CBOE Holdings in a research report on Sunday, June 26th. Barclays PLC upped their price target on shares of CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $61.00 price target on shares of CBOE Holdings in a research note 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 stock from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $66.87.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.680% on Tuesday, hitting $66.435. 612,706 shares of the stock were exchanged. The company has a market cap of $5.40 billion, a P/E ratio of 25.127 and a beta of 0.55. The firm’s 50-day moving average is $68.12 and its 200-day moving average is $66.15. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53.
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, meeting analysts’ consensus estimates of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The business 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 firm earned $0.54 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that CBOE Holdings will post $2.40 EPS for the current fiscal 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 $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.38%. 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 shares were sold at an average price of $67.86, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Steinberg Global Asset Management acquired a new position in shares of CBOE Holdings during the second quarter valued at approximately $203,000. Tower Research Capital LLC TRC raised its position in shares of 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 raised its position in shares of 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 position in shares of CBOE Holdings during the second quarter valued at approximately $246,000. Finally, DRW Securities LLC raised its position in shares of 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. Hedge funds and other institutional investors own 73.76% 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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