CBOE Holdings Inc. (CBOE) Receives $64.84 Average PT from Brokerages
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $64.84.
CBOE has been the topic of a number of recent research reports. Goldman Sachs Group Inc. reissued a “sell” rating and set a $61.00 price objective on shares of CBOE Holdings in a research note on Tuesday, September 27th. RBC Capital Markets lowered CBOE Holdings from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $78.00 to $68.00 in a research note on Tuesday, September 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.50 price target (up previously from $26.00) on shares of CBOE Holdings in a research note on Wednesday, October 12th. Jefferies Group upped their price target on CBOE Holdings from $62.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, October 11th. Finally, Credit Suisse Group AG raised CBOE Holdings from an “underperform” rating to a “neutral” rating and upped their price target for the company from $60.00 to $67.00 in a research note on Tuesday, September 27th.
CBOE Holdings (NASDAQ:CBOE) opened at 68.68 on Thursday. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The firm has a 50-day moving average price of $65.48 and a 200 day moving average price of $66.18. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 29.48 and a beta of 0.57.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 28th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. The company had revenue of $456.20 million for the quarter, compared to analyst estimates of $159.44 million. CBOE Holdings had a return on equity of 73.40% and a net margin of 29.92%. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, equities research analysts anticipate that CBOE Holdings will post $2.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.23. CBOE Holdings’s dividend payout ratio is presently 42.92%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock worth $38,222,000 after buying an additional 20,152 shares during the last quarter. Envestnet Asset Management Inc. increased its position in CBOE Holdings by 67.8% in the first quarter. Envestnet Asset Management Inc. now owns 16,485 shares of the company’s stock worth $1,077,000 after buying an additional 6,660 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in CBOE Holdings by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 78,004 shares of the company’s stock worth $5,096,000 after buying an additional 1,534 shares in the last quarter. Arizona State Retirement System increased its position in CBOE Holdings by 4.7% in the first quarter. Arizona State Retirement System now owns 44,890 shares of the company’s stock worth $2,933,000 after buying an additional 2,000 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in CBOE Holdings by 166.5% in the first quarter. Squarepoint Ops LLC now owns 14,543 shares of the company’s stock worth $950,000 after buying an additional 9,086 shares in the last quarter. Institutional investors and hedge funds own 74.11% 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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