Somewhat Favorable Media Coverage Somewhat Unlikely to Impact CBOE Holdings (CBOE) Share Price
News headlines about CBOE Holdings (NASDAQ:CBOE) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBOE Holdings earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0606082470216 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Massachusetts regulator probes brokerages over trading ‘kickbacks’ – Reuters (reuters.com)
- CBOE Risk Management Conference Europe 2017 : CBOE Holdings, Inc. (BATS: CBOE .. (4-traders.com)
- Share Performance Update on CBOE Holdings Inc (CBOE … – Sheridan Daily (sheridandaily.com)
- Stock Performance Check on Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) – Jonesboro Recorder (jonesbororecorder.com)
A number of brokerages have issued reports on CBOE. Citigroup Inc. assumed coverage on CBOE Holdings in a report on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 target price for the company. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price target for the company in a research note on Friday, May 12th. BidaskClub cut CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target (up previously from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.97.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 97.54 on Wednesday. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 53.33 and a beta of 0.49. The company’s 50 day moving average price is $93.59 and its 200 day moving average price is $85.35. CBOE Holdings has a 12 month low of $61.58 and a 12 month high of $98.06.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the previous year, the business earned $0.60 EPS. CBOE Holdings’s revenue was up 85.2% compared to the same quarter last year. On average, equities analysts expect that CBOE Holdings will post $3.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s payout ratio is currently 55.25%.
In related news, VP Christopher A. Isaacson sold 7,316 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the transaction, the chairman now owns 80,611 shares in the company, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 237,316 shares of company stock worth $21,150,160. 0.96% of the stock is owned by company insiders.
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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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