Q4 2016 EPS Estimates for CBOE Holdings Inc. Lifted by Jefferies Group (CBOE)
CBOE Holdings Inc. (NASDAQ:CBOE) – Equities researchers at Jefferies Group upped their Q4 2016 earnings per share estimates for CBOE Holdings in a report released on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the firm will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.56. Jefferies Group currently has a “Hold” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for CBOE Holdings’ FY2017 earnings at $2.58 EPS.
A number of other research analysts also recently commented on CBOE. Zacks Investment Research upgraded CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Deutsche Bank AG reiterated a “hold” rating on shares of CBOE Holdings in a research report on Sunday, June 26th. Barclays PLC lifted their target price on CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. restated a “hold” rating and set a $61.00 price target on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and cut their price target for the company from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and a consensus price target of $65.26.
CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Thursday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 25.00 and a beta of 0.55. The firm’s 50-day moving average is $67.89 and its 200-day moving average is $66.16. CBOE Holdings has a 12 month low of $58.43 and a 12 month high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now directly owns 73,611 shares in the company, valued at $4,995,242.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. 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 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 last quarter. Fox Run Management L.L.C. purchased a new stake in shares of CBOE Holdings during the third quarter valued at approximately $220,000. Raymond James & Associates boosted its stake 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 last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of CBOE Holdings during the second quarter valued at approximately $246,000. Institutional investors and hedge funds 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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