Trade Report: The Jefferies Group Weighs in on CBOE Holdings Inc.’s Q3 2016 Earnings (CBOE)

The Jefferies Group Weighs in on CBOE Holdings Inc.’s Q3 2016 Earnings (CBOE)

CBOE Holdings Inc. (NASDAQ:CBOE) – Investment analysts at Jefferies Group cut their Q3 2016 earnings per share estimates for CBOE Holdings in a research note issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the brokerage will earn $0.57 per share for the quarter, down from their prior estimate of $0.59. Jefferies Group has a “Hold” rating and a $66.00 price objective on the stock. Jefferies Group also issued estimates for CBOE Holdings’ FY2016 earnings at $2.38 EPS.

CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share.

A number of other analysts have also commented on the stock. Evercore ISI upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank AG boosted their price target on shares of CBOE Holdings from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, October 5th. Wells Fargo & Co. upgraded shares of CBOE Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $67.50 to $80.50 in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. restated a “sell” rating and set a $61.00 price target on shares of CBOE Holdings in a research note on Tuesday, September 27th. Finally, Credit Agricole SA restated an “underperform” rating and set a $68.00 price target on shares of CBOE Holdings in a research note on Tuesday, September 27th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. CBOE Holdings currently has a consensus rating of “Hold” and an average target price of $66.87.

Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.22% during trading on Wednesday, hitting $66.95. 258,254 shares of the stock traded hands. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 25.32 and a beta of 0.55. The stock has a 50 day moving average price of $68.08 and a 200-day moving average price of $66.15.

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock valued at $289,850,000 after buying an additional 37,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock valued at $38,222,000 after buying an additional 20,152 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock valued at $2,237,000 after buying an additional 226 shares in the last quarter. UBS Group AG boosted its stake in shares of CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock valued at $14,954,000 after buying an additional 138,933 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock valued at $121,464,000 after buying an additional 806,144 shares in the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.

In other news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction of $424,125.00. Following the sale, the chief executive officer now directly owns 73,611 shares in the company, valued at $4,995,242.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.96% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 31st. CBOE Holdings’s dividend payout ratio is presently 37.88%.

CBOE Holdings Company Profile

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