CBOE Holdings Inc. (CBOE) Receives $66.50 Consensus PT from Brokerages
CBOE Holdings Inc. (NASDAQ:CBOE) has earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock. Five equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $64.84.
A number of equities research analysts have issued reports on the company. Deutsche Bank AG restated a “hold” rating on shares of CBOE Holdings in a research report on Sunday, July 10th. Zacks Investment Research upgraded CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Jefferies Group upped their price objective on CBOE Holdings from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday. Barclays PLC upped their price objective on CBOE Holdings from $53.00 to $54.00 and gave the company an “underweight” rating in a research report on Tuesday, August 9th. Finally, Royal Bank Of Canada downgraded CBOE Holdings from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $78.00 to $68.00 in a research report on Tuesday, September 27th.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Wednesday. CBOE Holdings has a 52-week low of $58.43 and a 52-week high of $72.53. The company’s 50 day moving average price is $67.89 and its 200 day moving average price is $66.16. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 25.00 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $159.22 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that CBOE Holdings will post $2.40 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.39%. CBOE Holdings’s dividend payout ratio (DPR) is presently 37.88%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in 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 during the last quarter. Private Advisor Group LLC boosted its stake in CBOE Holdings by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,678 shares of the company’s stock worth $514,000 after buying an additional 82 shares during the last quarter. State Treasurer State of Michigan boosted its stake in CBOE Holdings by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock worth $2,178,000 after buying an additional 100 shares during the last quarter. DRW Securities LLC boosted its stake in 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 during the last quarter. Finally, Commerce Bank boosted its stake in CBOE Holdings by 2.1% in the second quarter. Commerce Bank now owns 6,737 shares of the company’s stock worth $449,000 after buying an additional 137 shares during the last quarter. 73.76% of the stock is owned by hedge funds and other institutional investors.
CBOE Holdings Company Profile
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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