CBOE Holdings Inc. (CBOE) Shares Up 1.1%
CBOE Holdings Inc. (NASDAQ:CBOE) shot up 1.1% on Tuesday . The stock traded as high as $66.78 and last traded at $66.61, with a volume of 165,341 shares traded. The stock had previously closed at $65.87.
Several research firms have recently weighed in on CBOE. Buckingham Research started coverage on shares of CBOE Holdings in a report on Wednesday, April 27th. They issued a “neutral” rating and a $70.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of CBOE Holdings from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, May 2nd. Credit Suisse Group AG reissued an “underperform” rating and set a $60.00 price objective on shares of CBOE Holdings in a report on Monday, April 4th. Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a report on Sunday, June 26th. Finally, Zacks Investment Research lowered shares of CBOE Holdings from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. CBOE Holdings has a consensus rating of “Hold” and an average price target of $64.08.
The stock has a market cap of $5.45 billion and a price-to-earnings ratio of 26.14. The firm’s 50 day moving average price is $64.12 and its 200 day moving average price is $64.08.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.01. The company earned $162.33 million during the quarter, compared to analyst estimates of $167.01 million. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts predict that CBOE Holdings Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, June 1st.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings 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 transaction, the chief executive officer now owns 79,861 shares in the company, valued at $5,147,840.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gerald T. O’connell sold 14,909 shares of CBOE Holdings stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $65.00, for a total value of $969,085.00. Following the completion of the transaction, the vice president now owns 57,189 shares in the company, valued at approximately $3,717,285. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have added to or reduced their stakes in CBOE. 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 in the last quarter. WBI Investments Inc. acquired a new position in CBOE Holdings during the fourth quarter worth about $11,652,000. Carleon Capital Partners LLC acquired a new position in CBOE Holdings during the fourth quarter worth about $10,384,000. 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in CBOE Holdings by 115.7% in the fourth quarter. Principal Financial Group Inc. now owns 674,103 shares of the company’s stock worth $43,749,000 after buying an additional 361,512 shares in the last quarter.
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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