CBOE Holdings, Inc. (CBOE) Given New $108.00 Price Target at Deutsche Bank AG

CBOE Holdings, Inc. (NASDAQ:CBOE) had its price target increased by Deutsche Bank AG from $106.00 to $108.00 in a report released on Wednesday, November 8th. They currently have a hold rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on CBOE. BidaskClub upgraded shares of CBOE from a buy rating to a strong-buy rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of CBOE from a buy rating to a hold rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a hold rating and issued a $92.00 price objective (up from $85.00) on shares of CBOE in a report on Monday, July 17th. Royal Bank Of Canada reiterated an outperform rating and set a $100.00 price target (up from $90.00) on shares of CBOE in a report on Thursday, July 13th. Finally, Citigroup Inc. started coverage on shares of CBOE in a report on Wednesday, July 12th. They set a neutral rating and a $93.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $105.36.

CBOE (NASDAQ CBOE) traded up $0.37 during mid-day trading on Wednesday, reaching $120.50. 786,428 shares of the company’s stock were exchanged, compared to its average volume of 1,086,422. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. CBOE has a fifty-two week low of $67.90 and a fifty-two week high of $121.02. The stock has a market cap of $13,629.71, a PE ratio of 37.90, a PEG ratio of 2.02 and a beta of 0.49.

CBOE (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. CBOE had a net margin of 10.55% and a return on equity of 14.70%. The business had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s quarterly revenue was up 98.0% compared to the same quarter last year. sell-side analysts forecast that CBOE will post 3.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.08 annualized dividend and a yield of 0.90%. CBOE’s dividend payout ratio (DPR) is presently 58.70%.

In other news, VP Christopher A. Isaacson sold 7,020 shares of the company’s 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 sale, the vice president now directly owns 97,897 shares of the company’s stock, valued at approximately $9,849,417.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $105.52, for a total transaction of $527,600.00. Following the completion of the sale, the chairman now directly owns 75,611 shares in the company, valued at $7,978,472.72. The disclosure for this sale can be found here. Insiders sold a total of 16,020 shares of company stock valued at $1,670,362 over the last 90 days. Company insiders own 1.86% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in CBOE during the 2nd quarter valued at about $120,000. Bronfman E.L. Rothschild L.P. grew its position in CBOE by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the last quarter. Huntington National Bank purchased a new stake in shares of CBOE during the 2nd quarter valued at about $182,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of CBOE during the 2nd quarter valued at about $183,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of CBOE during the 2nd quarter valued at about $198,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

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About CBOE

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for CBOE (NASDAQ:CBOE)

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