Shares of CBOE Holdings, Inc. (NASDAQ:CBOE) have earned a consensus recommendation of “Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $78.70.
A number of research analysts have weighed in on CBOE shares. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a report on Friday, May 12th. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Royal Bank Of Canada set a $90.00 target price on CBOE Holdings and gave the stock an “outperform” rating in a report on Friday, May 12th. Citigroup Inc. started coverage on CBOE Holdings in a report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $92.00 target price (up previously from $85.00) on shares of CBOE Holdings in a report on Monday, July 17th.
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In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $86.85, for a total transaction of $434,250.00. Following the sale, the chairman now directly owns 80,611 shares in the company, valued at approximately $7,001,065.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Mitchell sold 225,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,316 shares of company stock worth $21,150,160. Company insiders own 0.96% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in CBOE Holdings by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 79,370 shares of the financial services provider’s stock valued at $5,865,000 after buying an additional 1,934 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in CBOE Holdings during the first quarter valued at $6,411,000. Creative Planning boosted its position in CBOE Holdings by 3.3% in the first quarter. Creative Planning now owns 19,086 shares of the financial services provider’s stock valued at $1,547,000 after buying an additional 610 shares during the last quarter. Exxonmobil Investment Management Inc. TX purchased a new position in CBOE Holdings during the first quarter valued at $1,651,000. Finally, Bank of Montreal Can boosted its position in CBOE Holdings by 136.7% in the first quarter. Bank of Montreal Can now owns 51,883 shares of the financial services provider’s stock valued at $4,207,000 after buying an additional 29,960 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.
CBOE Holdings (NASDAQ CBOE) traded up 0.01% during mid-day trading on Tuesday, hitting $96.68. The stock had a trading volume of 22,469 shares. The stock has a market capitalization of $10.90 billion, a P/E ratio of 52.86 and a beta of 0.49. The company’s 50 day moving average is $92.91 and its 200-day moving average is $84.82. CBOE Holdings has a 52 week low of $61.58 and a 52 week high of $97.27.
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, topping 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 firm 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 business earned $0.60 EPS. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. On average, analysts expect that CBOE Holdings will post $3.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.12%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, August 30th. CBOE Holdings’s dividend payout ratio (DPR) is currently 55.25%.
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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