Q4 2016 EPS Estimates for CBOE Holdings Inc. Lifted by Jefferies Group (CBOE)
CBOE Holdings Inc. (NASDAQ:CBOE) – Jefferies Group lifted their Q4 2016 earnings per share estimates for CBOE Holdings in a report released on Tuesday. Jefferies Group analyst D. Fannon now expects that the firm will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.56. Jefferies Group currently has a “Hold” rating and a $66.00 price target on the stock. Jefferies Group also issued estimates for CBOE Holdings’ FY2017 earnings at $2.58 EPS.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share.
CBOE has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $61.00 price objective on shares of CBOE Holdings in a report on Wednesday, August 3rd. Wells Fargo & Co. reissued a “hold” rating on shares of CBOE Holdings in a report on Friday, September 23rd. Evercore ISI raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday. Credit Agricole SA reissued an “underperform” rating and issued a $68.00 price target on shares of CBOE Holdings in a report on Tuesday, September 27th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a report on Sunday, July 10th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $65.26.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Thursday. The stock has a 50 day moving average price of $67.89 and a 200-day moving average price of $66.16. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 25.00 and a beta of 0.55. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53.
A number of large investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in CBOE Holdings by 5.5% in the first quarter. Aperio Group LLC now owns 31,110 shares of the company’s stock valued at $2,032,000 after buying an additional 1,621 shares in the last quarter. BlackRock Group LTD boosted its stake in CBOE Holdings by 66.4% in the first quarter. BlackRock Group LTD now owns 75,519 shares of the company’s stock valued at $4,934,000 after buying an additional 30,147 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in CBOE Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,801 shares of the company’s stock valued at $159,000,000 after buying an additional 9,704 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in CBOE Holdings by 10.4% in the first quarter. BlackRock Japan Co. Ltd now owns 36,990 shares of the company’s stock valued at $2,417,000 after buying an additional 3,490 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in CBOE Holdings by 1.8% in the first quarter. M&T Bank Corp now owns 13,811 shares of the company’s stock valued at $902,000 after buying an additional 249 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings stock in a transaction on Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the transaction, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.96% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.39%. CBOE Holdings’s dividend payout ratio is 37.88%.
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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