CBOE Holdings Inc. (CBOE) Shares Down 2%
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) were down 2% during trading on Thursday . The company traded as low as $66.83 and last traded at $66.95, with a volume of 356,492 shares traded. The stock had previously closed at $68.29.
A number of analysts have commented on CBOE shares. Barclays PLC raised their price objective on CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Thursday, July 7th. Zacks Investment Research upgraded CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Buckingham Research assumed coverage on CBOE Holdings in a research report on Wednesday, April 27th. They issued a “neutral” rating and a $70.00 price objective for the company. Deutsche Bank AG restated a “hold” rating and set a $65.00 target price on shares of CBOE Holdings in a research report on Tuesday, April 19th. Finally, Bank of America Corp. downgraded CBOE Holdings from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $68.29 to $65.00 in a research report on Thursday. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.64.
The stock’s 50-day moving average is $67.61 and its 200 day moving average is $64.86. The firm has a market capitalization of $5.45 billion and a PE ratio of 25.38.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Analysts expect that CBOE Holdings Inc. will post $2.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 31st.
In other news, VP Gerald T. O’connell sold 14,909 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $65.00, for a total value of $969,085.00. Following the transaction, the vice president now owns 57,189 shares of the company’s stock, valued at $3,717,285. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Brodsky sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $62.71, for a total value of $313,550.00. Following the completion of the transaction, the director now directly owns 222,154 shares in the company, valued at approximately $13,931,277.34. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in CBOE Holdings by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,647,285 shares of the company’s stock valued at $366,509,000 after buying an additional 177,975 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of 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. 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 worth $4,048,000 after buying an additional 54,350 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of CBOE Holdings during the fourth quarter worth about $2,064,000. Finally, KBC Group NV bought a new stake in shares of CBOE Holdings during the fourth quarter worth about $1,741,000.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.