CBOE Holdings Inc. (CBOE) Lifted to “Outperform” at Wells Fargo & Co.
CBOE Holdings Inc. (NASDAQ:CBOE) was upgraded by research analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.
Several other analysts also recently weighed in on CBOE. Deutsche Bank AG reaffirmed a “hold” rating on shares of CBOE Holdings in a research note on Sunday, July 10th. Zacks Investment Research raised CBOE Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Barclays PLC lifted their target price on CBOE Holdings from $53.00 to $54.00 and gave the company an “underweight” rating in a research note on Tuesday, August 9th. Royal Bank Of Canada downgraded CBOE Holdings from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $78.00 to $68.00 in a research note on Tuesday, September 27th. Finally, Jefferies Group reissued a “hold” rating and issued a $62.00 price objective on shares of CBOE Holdings in a research note on Tuesday, September 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.46.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 65.76 on Tuesday. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 24.87 and a beta of 0.55. The company’s 50 day moving average price is $68.23 and its 200-day moving average price is $66.06.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Equities analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. CBOE Holdings’s dividend payout ratio is 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction on Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares in the company, valued at $4,995,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steinberg Global Asset Management acquired a new position in shares of CBOE Holdings during the second quarter worth $203,000. Tower Research Capital LLC TRC increased its position in shares of CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock worth $213,000 after buying an additional 1,115 shares in the last quarter. Raymond James & Associates increased its position in shares of CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock worth $240,000 after buying an additional 76 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of CBOE Holdings during the second quarter worth $246,000. Finally, DRW Securities LLC increased its position in shares of CBOE Holdings by 2.3% in the second quarter. DRW Securities LLC now owns 4,431 shares of the company’s stock worth $295,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.20% 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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