CBOE Holdings Inc. (CBOE) Stock Price Down 2%
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) dropped 2% on Thursday . The company traded as low as $66.83 and last traded at $66.95, with a volume of 356,492 shares traded. The stock had previously closed at $68.29.
CBOE has been the topic of a number of recent analyst reports. Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a research report on Sunday, July 10th. Zacks Investment Research upgraded shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. JPMorgan Chase & Co. restated a “hold” rating and issued a $61.00 target price on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Buckingham Research began coverage on shares of CBOE Holdings in a research note on Wednesday, April 27th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Royal Bank Of Canada dropped their target price on shares of CBOE Holdings from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, May 2nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.64.
The stock has a market capitalization of $5.46 billion and a P/E ratio of 25.39. The firm’s 50 day moving average is $67.43 and its 200 day moving average is $64.83.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same period last year, the firm earned $0.54 earnings per share. CBOE Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts anticipate that CBOE Holdings Inc. will post $2.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 31st.
In other news, VP Gerald T. O’connell sold 14,909 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $65.00, for a total value of $969,085.00. Following the sale, the vice president now directly owns 57,189 shares of the company’s stock, valued at approximately $3,717,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Brodsky sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $62.82, for a total transaction of $314,100.00. Following the completion of the sale, the director now directly owns 218,735 shares in the company, valued at $13,740,932.70. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in CBOE Holdings during the fourth quarter worth about $1,741,000. TrimTabs Asset Management LLC bought a new stake in CBOE Holdings during the fourth quarter worth about $2,064,000. I.G. Investment Management LTD. increased its stake in CBOE Holdings by 677.4% in the fourth quarter. I.G. Investment Management LTD. now owns 62,373 shares of the company’s stock worth $4,048,000 after buying an additional 54,350 shares during the period. Schroder Investment Management Group increased its stake in CBOE Holdings by 20.5% in the fourth quarter. Schroder Investment Management Group now owns 88,200 shares of the company’s stock worth $5,724,000 after buying an additional 15,000 shares during the period. Finally, GSA Capital Partners LLP increased its stake in CBOE Holdings by 62.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,042 shares of the company’s stock worth $1,041,000 after buying an additional 6,181 shares during the period.
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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