CBOE Holdings Inc. (CBOE) Sees Unusually-High Trading Volume
CBOE Holdings Inc. (NASDAQ:CBOE) shares saw an uptick in trading volume on Monday . 385,215 shares changed hands during trading, an increase of 10% from the previous session’s volume of 349,813 shares.The stock last traded at $67.79 and had previously closed at $67.10.
Several research firms have issued reports on CBOE. Barclays PLC set a $53.00 target price on CBOE Holdings and gave the stock a “sell” rating in a research report on Monday, August 1st. JPMorgan Chase & Co. reissued a “hold” rating and set a $61.00 price target on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Bank of America Corp. lowered CBOE Holdings from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Deutsche Bank AG reissued a “hold” rating on shares of CBOE Holdings in a research note on Sunday, July 10th. Finally, Zacks Investment Research raised CBOE Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.64.
The firm’s 50-day moving average is $67.69 and its 200 day moving average is $64.92. The firm has a market capitalization of $5.54 billion and a P/E ratio of 25.77.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. During the same quarter last year, the firm posted $0.54 EPS. The business earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that CBOE Holdings Inc. will post $2.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.35%.
In related news, VP Gerald T. O’connell sold 14,909 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,717,285. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Brodsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $62.71, for a total transaction of $313,550.00. Following the completion of the transaction, the director now directly owns 222,154 shares of the company’s stock, valued at approximately $13,931,277.34. The disclosure for this sale can be found here.
Other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in CBOE Holdings by 62.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,042 shares of the company’s stock worth $1,041,000 after buying an additional 6,181 shares in the last quarter. KBC Group NV bought a new stake in shares of CBOE Holdings during the fourth quarter worth about $1,741,000. I.G. Investment Management LTD. raised 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 during the period. Finally, Schroder Investment Management Group raised 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 during the period.
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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