CBOE Holdings, Inc. (NASDAQ:CBOE) had its price objective increased by equities research analysts at Deutsche Bank AG from $88.00 to $89.00 in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective would indicate a potential downside of 6.77% from the stock’s current price.

Several other brokerages have also weighed in on CBOE. BidaskClub upgraded shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, April 11th. Royal Bank Of Canada set a $90.00 target price on shares of CBOE Holdings and gave the company an “outperform” rating in a research report on Friday, May 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $92.00 target price (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.97.

CBOE Holdings (CBOE) opened at 95.46 on Monday. The company has a market cap of $10.70 billion, a PE ratio of 53.27 and a beta of 0.49. CBOE Holdings has a one year low of $61.58 and a one year high of $95.95. The firm has a 50-day moving average of $92.12 and a 200-day moving average of $84.24.

CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. On average, analysts predict that CBOE Holdings will post $3.38 EPS for the current year.

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In other news, Director Christopher Mitchell sold 225,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $89.17, for a total transaction of $20,063,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher A. Isaacson sold 7,316 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $89.21, for a total transaction of $652,660.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,316 shares of company stock worth $21,150,160. Company insiders own 0.96% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC raised its position in shares of CBOE Holdings by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock worth $511,000 after buying an additional 16 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of CBOE Holdings by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after buying an additional 20 shares during the last quarter. ING Groep NV raised its position in shares of CBOE Holdings by 0.6% in the second quarter. ING Groep NV now owns 4,716 shares of the financial services provider’s stock worth $431,000 after buying an additional 26 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of CBOE Holdings by 0.3% in the second quarter. CIBC Asset Management Inc now owns 8,173 shares of the financial services provider’s stock worth $747,000 after buying an additional 26 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of CBOE Holdings by 0.9% in the second quarter. North Star Investment Management Corp. now owns 9,672 shares of the financial services provider’s stock worth $884,000 after buying an additional 84 shares during the last quarter. Institutional investors own 78.39% of the company’s stock.

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).

Analyst Recommendations for CBOE Holdings (NASDAQ:CBOE)

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