Deutsche Bank AG upgraded shares of CBOE Holdings, Inc. (NASDAQ:CBOE) from a sell rating to a hold rating in a research report report published on Friday morning. The firm currently has $73.00 price objective on the stock, up from their prior price objective of $68.00.
A number of other analysts have also issued reports on the stock. Credit Suisse Group reissued a sell rating and issued a $60.00 price target on shares of CBOE Holdings in a research report on Monday, September 26th. Zacks Investment Research raised shares of CBOE Holdings from a sell rating to a hold rating in a research report on Tuesday, November 15th. Goldman Sachs Group, Inc. (The) raised shares of CBOE Holdings from a sell rating to a buy rating in a research report on Wednesday, January 4th. Wells Fargo & Company raised shares of CBOE Holdings from a market perform rating to an outperform rating and raised their price objective for the company from $67.50 to $80.50 in a research report on Tuesday, October 4th. Finally, Evercore ISI raised shares of CBOE Holdings from a hold rating to a buy rating and set a $74.00 price objective on the stock in a research report on Tuesday, October 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. CBOE Holdings has an average rating of Hold and an average target price of $67.56.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 0.05% on Friday, hitting $73.72. 203,163 shares of the stock traded hands. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 31.64 and a beta of 0.62. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $77.29. The stock has a 50-day moving average price of $73.00 and a 200 day moving average price of $68.46.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business earned $456.20 million during the quarter, compared to analyst estimates of $159.44 million. CBOE Holdings had a net margin of 29.92% and a return on equity of 73.40%. The firm’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, analysts anticipate that CBOE Holdings will post $2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, November 30th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.23. CBOE Holdings’s payout ratio is currently 42.92%.
In other news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $76.79, for a total value of $479,937.50. Following the sale, the chief executive officer now owns 67,361 shares in the company, valued at approximately $5,172,651.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of CBOE Holdings by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,743,170 shares of the company’s stock valued at $696,695,000 after buying an additional 199,463 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its position in CBOE Holdings by 4.4% in the third quarter. Cookson Peirce & Co. Inc. now owns 16,585 shares of the company’s stock worth $1,076,000 after buying an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in CBOE Holdings by 90.3% in the third quarter. Ameritas Investment Partners Inc. now owns 24,495 shares of the company’s stock worth $1,589,000 after buying an additional 11,625 shares in the last quarter. Verition Fund Management LLC acquired a new position in CBOE Holdings during the third quarter worth about $608,000. Finally, Jump Trading LLC boosted its position in CBOE Holdings by 0.3% in the third quarter. Jump Trading LLC now owns 37,848 shares of the company’s stock worth $2,454,000 after buying an additional 100 shares in the last quarter. Institutional investors own 75.22% 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).
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