CBOE Holdings Inc. (CBOE) Stock Price Up 1.5%
CBOE Holdings Inc. (NASDAQ:CBOE)’s share price rose 1.5% on Wednesday . The company traded as high as $68.27 and last traded at $68.21, with a volume of 248,007 shares. The stock had previously closed at $67.22.
CBOE has been the subject of a number of recent research reports. Barclays PLC upped their price target on CBOE Holdings from $53.00 to $54.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 9th. Zacks Investment Research downgraded CBOE Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 9th. Sterne Agee CRT initiated coverage on CBOE Holdings in a research report on Thursday, May 19th. They set an “underperform” rating and a $56.00 price target for the company. Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a report on Sunday, June 26th. Finally, Royal Bank Of Canada cut their price objective on CBOE Holdings from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, May 2nd. Five investment 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 an average rating of “Hold” and a consensus target price of $64.64.
The firm has a 50-day moving average of $68.00 and a 200-day moving average of $64.97. The stock has a market cap of $5.58 billion and a PE ratio of 25.96.
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 Thomson Reuters’ consensus estimate of $0.60. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. The company’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that CBOE Holdings Inc. will post $2.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.34%.
In related news, VP Gerald T. O’connell sold 14,909 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $65.00, for a total transaction of $969,085.00. Following the completion of the sale, the vice president now owns 57,189 shares in the company, valued at $3,717,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Brodsky sold 5,000 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $62.82, for a total value of $314,100.00. Following the sale, the director now owns 218,735 shares of the company’s stock, valued at approximately $13,740,932.70. The disclosure for this sale can be found here.
A number of large investors recently made changes to their positions in CBOE. I.G. Investment Management LTD. increased its stake in shares of CBOE Holdings by 677.4% in the fourth quarter. I.G. Investment Management LTD. now owns 62,373 shares of the company’s stock valued at $4,048,000 after buying an additional 54,350 shares during the period. KBC Group NV bought a new stake in shares of CBOE Holdings during the fourth quarter valued at about $1,741,000. Finally, GSA Capital Partners LLP increased its stake in shares of CBOE Holdings by 62.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,042 shares of the company’s stock valued at $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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