CBOE Holdings Inc. (CBOE) Sees Large Volume Increase
CBOE Holdings Inc. (NASDAQ:CBOE) saw unusually-high trading volume on Monday . Approximately 385,215 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 349,813 shares.The stock last traded at $67.79 and had previously closed at $67.10.
A number of equities research analysts recently issued reports on the company. Deutsche Bank AG restated a “hold” rating and issued a $65.00 price objective on shares of CBOE Holdings in a research note on Tuesday, April 19th. Buckingham Research assumed coverage on CBOE Holdings in a research note on Wednesday, April 27th. They issued a “neutral” rating and a $70.00 price objective on the stock. Royal Bank Of Canada lowered their price objective on CBOE Holdings from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, May 2nd. Barclays PLC lowered their price objective on CBOE Holdings from $54.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 2nd. Finally, Sterne Agee CRT assumed coverage on CBOE Holdings in a research note on Thursday, May 19th. They issued an “underperform” rating and a $56.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.64.
The firm has a 50-day moving average of $67.79 and a 200-day moving average of $64.92. The company has a market cap of $5.54 billion and a P/E ratio of 25.77.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same period last year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that CBOE Holdings Inc. will post $2.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a $0.23 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.37%.
In other CBOE Holdings news, Director William J. Brodsky sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $62.82, for a total value of $314,100.00. Following the transaction, the director now directly owns 218,735 shares of the company’s stock, valued at $13,740,932.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward T. Tilly sold 6,250 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $64.46, for a total value of $402,875.00. Following the completion of the transaction, the chief executive officer now directly owns 79,861 shares in the company, valued at $5,147,840.06. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position 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 last quarter. Schroder Investment Management Group boosted its position 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 last quarter. I.G. Investment Management LTD. boosted its position 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 last quarter. Finally, KBC Group NV bought a new position in CBOE Holdings during the fourth quarter worth $1,741,000.
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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