CBOE Holdings, Inc. (NASDAQ:CBOE) had its price objective hoisted by Deutsche Bank AG from $106.00 to $108.00 in a research report sent to investors on Wednesday morning. They currently have a hold rating on the financial services provider’s stock.
Several other research firms also recently weighed in on CBOE. Bank of America Corporation boosted their target price on CBOE Holdings from $113.00 to $120.00 and gave the company a buy rating in a report on Monday, October 9th. Zacks Investment Research raised CBOE Holdings from a hold rating to a buy rating and set a $121.00 target price for the company in a report on Monday, October 9th. BidaskClub upgraded CBOE Holdings from a buy rating to a strong-buy rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a hold rating and issued a $92.00 price target on shares of CBOE Holdings in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated an outperform rating and issued a $100.00 price target (up previously from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $105.36.
CBOE Holdings (NASDAQ:CBOE) traded up $0.32 during trading on Wednesday, hitting $114.45. The stock had a trading volume of 1,037,000 shares, compared to its average volume of 767,979. CBOE Holdings has a fifty-two week low of $66.99 and a fifty-two week high of $116.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.38. The stock has a market cap of $12,985.27, a P/E ratio of 36.10, a P/E/G ratio of 1.92 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. CBOE Holdings had a return on equity of 14.70% and a net margin of 13.37%. The business had revenue of $269.70 million during the quarter, compared to the consensus estimate of $270.14 million. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 98.0% on a year-over-year basis. sell-side analysts forecast that CBOE Holdings will post 3.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, November 30th. CBOE Holdings’s payout ratio is 58.70%.
In other CBOE Holdings news, insider David S. Reynolds sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $109.12, for a total transaction of $436,480.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $97.14, for a total value of $147,652.80. Following the transaction, the director now owns 14,241 shares in the company, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold a total of 218,240 shares of company stock worth $21,417,728 in the last quarter. 1.86% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in CBOE Holdings by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock worth $163,635,000 after purchasing an additional 142,667 shares during the period. Amalgamated Bank increased its position in CBOE Holdings by 2.5% during the 3rd quarter. Amalgamated Bank now owns 22,674 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 544 shares during the period. LVW Advisors LLC acquired a new position in CBOE Holdings during the 3rd quarter worth approximately $16,945,000. Schroder Investment Management Group acquired a new position in CBOE Holdings during the 3rd quarter worth approximately $8,414,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in CBOE Holdings by 34.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,172 shares of the financial services provider’s stock worth $987,000 after purchasing an additional 2,346 shares during the period. Institutional investors own 81.88% of the company’s stock.
About CBOE Holdings
Cboe Global Markets, Inc, formerly 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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