CBOE Holdings Inc. (CBOE) Stock Price Up 0.2% on Analyst Upgrade
CBOE Holdings Inc. (NASDAQ:CBOE) rose 0.2% on Tuesday after Jefferies Group raised their price target on the stock from $62.00 to $66.00. Jefferies Group currently has a hold rating on the stock. CBOE Holdings traded as high as $67.65 and last traded at $67.04, with a volume of 536,892 shares. The stock had previously closed at $66.89.
CBOE has been the topic of a number of other reports. Wells Fargo & Co. raised shares of 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 research report on Tuesday, October 4th. Buckingham Research raised shares of CBOE Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $77.00 in a research report on Tuesday, September 27th. Barclays PLC reissued an “underweight” rating and issued a $52.00 price objective (down from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. Deutsche Bank AG increased their price objective on shares of CBOE Holdings from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, October 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBOE Holdings from $65.00 to $71.50 and gave the company a “market perform” rating in a research report on Tuesday, September 27th. Five 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. CBOE Holdings currently has a consensus rating of “Hold” and a consensus price target of $66.87.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction on Monday, September 12th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of CBOE Holdings by 5.5% in the first quarter. Aperio Group LLC now owns 31,110 shares of the company’s stock worth $2,032,000 after buying an additional 1,621 shares during the last quarter. BlackRock Group LTD increased its position in shares of CBOE Holdings by 66.4% in the first quarter. BlackRock Group LTD now owns 75,519 shares of the company’s stock worth $4,934,000 after buying an additional 30,147 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of CBOE Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,801 shares of the company’s stock worth $159,000,000 after buying an additional 9,704 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in shares of CBOE Holdings by 10.4% in the first quarter. BlackRock Japan Co. Ltd now owns 36,990 shares of the company’s stock worth $2,417,000 after buying an additional 3,490 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of CBOE Holdings by 1.8% in the first quarter. M&T Bank Corp now owns 13,811 shares of the company’s stock worth $902,000 after buying an additional 249 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.
The company has a 50-day moving average price of $68.12 and a 200 day moving average price of $66.15. The stock has a market capitalization of $5.45 billion, a P/E ratio of 25.38 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Analysts expect that CBOE Holdings Inc. will post $2.40 earnings per share for the current 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. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.37%. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
About CBOE Holdings
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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