CBOE Holdings, Inc. (CBOE) Sets New 52-Week High at $105.99
CBOE Holdings, Inc. (NASDAQ:CBOE)’s share price hit a new 52-week high on Thursday . The stock traded as high as $105.99 and last traded at $105.99, with a volume of 437,829 shares trading hands. The stock had previously closed at $105.37.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG lifted their target price on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. assumed coverage on CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 target price on the stock. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $80.09.
The firm has a 50 day moving average of $99.06 and a 200 day moving average of $88.73. The stock has a market capitalization of $11.80 billion, a P/E ratio of 57.23 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company had revenue of $266.90 million for the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. On average, equities research analysts forecast that CBOE Holdings, Inc. will post $3.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.27 dividend. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.03%. CBOE Holdings’s dividend payout ratio is currently 59.67%.
In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $105.52, for a total value of $527,600.00. Following the transaction, the chairman now owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 7,020 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $100.61, for a total value of $706,282.20. Following the completion of the transaction, the vice president now directly owns 97,897 shares in the company, valued at approximately $9,849,417.17. The disclosure for this sale can be found here. In the last three months, insiders sold 214,240 shares of company stock worth $20,981,248. 1.86% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in CBOE Holdings in the second quarter valued at about $120,000. Bronfman E.L. Rothschild L.P. lifted its holdings in 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 valued at $123,000 after acquiring an additional 20 shares during the period. Huntington National Bank bought a new position in CBOE Holdings in the second quarter valued at about $182,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in CBOE Holdings in the second quarter valued at about $183,000. Finally, W. E. Donoghue & Co. LLC bought a new position in CBOE Holdings in the second quarter valued at about $203,000. 82.49% of the stock is currently owned by institutional investors.
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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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