Barclays PLC Begins Coverage on CBOE Holdings, Inc. (CBOE)
Barclays PLC began coverage on shares of CBOE Holdings, Inc. (NASDAQ:CBOE) in a report published on Friday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $105.00 price target on the financial services provider’s stock.
Several other analysts have also recently weighed in on the stock. Jefferies Group LLC reissued a hold rating and issued a $92.00 price objective on shares of CBOE Holdings in a research note on Thursday, August 24th. BidaskClub raised shares of CBOE Holdings from a buy rating to a strong-buy rating in a research note on Thursday, August 10th. Deutsche Bank AG boosted their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a hold rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of CBOE Holdings from a hold rating to a buy rating and set a $104.00 price objective on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a $100.00 price objective (up previously from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. CBOE Holdings has an average rating of Buy and an average price target of $80.09.
CBOE Holdings (NASDAQ CBOE) opened at 104.38 on Friday. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $105.91. The firm has a market cap of $11.77 billion, a P/E ratio of 57.07 and a beta of 0.49. The stock has a 50 day moving average price of $97.55 and a 200-day moving average price of $88.00.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The company had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $266.22 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 85.2% on a year-over-year basis. Equities research analysts forecast that CBOE Holdings will post $3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio is currently 59.67%.
In related news, Director Christopher Mitchell sold 200,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $97.65, for a total value of $19,530,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Christopher A. Isaacson sold 7,020 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $100.61, for a total transaction of $706,282.20. Following the completion of the sale, the vice president now owns 97,897 shares in the company, valued at approximately $9,849,417.17. The disclosure for this sale can be found here. Insiders sold a total of 209,240 shares of company stock worth $20,453,648 in the last 90 days. 1.86% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Investment Advisors LLC raised its holdings in shares of CBOE Holdings by 0.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 3,006 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 8 shares during the last quarter. Gateway Investment Advisers LLC grew its position in CBOE Holdings by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 16 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in CBOE Holdings by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in CBOE Holdings by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,826 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 21 shares in the last quarter. Finally, Advisor Group Inc. grew its position in CBOE Holdings by 0.9% in the 2nd quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 82.49% 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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