CBOE Holdings Inc. (CBOE) Upgraded to Buy by Evercore ISI
CBOE has been the topic of several other research reports. Buckingham Research upgraded CBOE Holdings from a neutral rating to a buy rating and raised their target price for the company from $66.00 to $77.00 in a research report on Tuesday, September 27th. Zacks Investment Research upgraded CBOE Holdings from a sell rating to a hold rating in a research report on Monday, July 4th. Deutsche Bank AG restated a hold rating on shares of CBOE Holdings in a research report on Sunday, June 26th. JPMorgan Chase & Co. restated a hold rating and issued a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Co. restated a hold rating on shares of CBOE Holdings in a research report on Friday, September 23rd. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. CBOE Holdings has an average rating of Hold and an average target price of $66.87.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.69% during mid-day trading on Tuesday, reaching $66.64. The company had a trading volume of 182,931 shares. CBOE Holdings has a 52 week low of $58.43 and a 52 week high of $72.53. The stock has a 50 day moving average of $68.08 and a 200-day moving average of $66.15. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 25.20 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 company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. CBOE Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, analysts expect 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 given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In related news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its position 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 valued at $121,464,000 after buying an additional 806,144 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of CBOE Holdings during the second quarter valued at about $28,426,000. UBS Asset Management Americas Inc. boosted its position 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 valued at $24,321,000 after buying an additional 307,808 shares during the period. FIL Ltd bought a new position in shares of CBOE Holdings during the second quarter valued at about $18,750,000. Finally, UBS Group AG boosted its position in shares of CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock valued at $14,954,000 after buying an additional 138,933 shares during the period. Hedge funds and other institutional investors own 73.76% of the company’s stock.
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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