Trade Report: The CBOE Holdings Inc. (CBOE) Raised to Buy at Evercore ISI

The CBOE Holdings Inc. (CBOE) Raised to Buy at Evercore ISI

Evercore ISI upgraded shares of CBOE Holdings Inc. (NASDAQ:CBOE) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $74.00 target price on the stock.

A number of other brokerages have also issued reports on CBOE. Goldman Sachs Group Inc. reissued a sell rating and issued a $61.00 target price on shares of CBOE Holdings in a research report on Tuesday, September 27th. RBC Capital Markets lowered CBOE Holdings from an outperform rating to a sector perform rating and lowered their price target for the stock from $78.00 to $68.00 in a research report on Tuesday, September 27th. Credit Suisse Group AG raised CBOE Holdings from an underperform rating to a neutral rating and boosted their price target for the stock from $60.00 to $67.00 in a research report on Tuesday, September 27th. Barclays PLC reaffirmed an underweight rating and set a $52.00 price target (down previously from $54.00) on shares of CBOE Holdings in a research report on Friday, September 2nd. Finally, Deutsche Bank AG boosted their price target on CBOE Holdings from $67.00 to $68.00 and gave the stock a hold rating in a research report on Friday, September 9th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $65.26.

Shares of CBOE Holdings (NASDAQ:CBOE) opened at 65.89 on Tuesday. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53. The firm’s 50-day moving average is $67.96 and its 200 day moving average is $66.16. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 24.92 and a beta of 0.55.

CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The business had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. During the same quarter last year, the firm earned $0.54 EPS. CBOE Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that CBOE Holdings will post $2.40 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. CBOE Holdings’s payout ratio is 37.88%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Steinberg Global Asset Management bought a new stake in CBOE Holdings during the second quarter worth $203,000. Tower Research Capital LLC TRC increased its stake in CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock worth $213,000 after buying an additional 1,115 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in CBOE Holdings during the third quarter worth $220,000. Raymond James & Associates increased its stake in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock worth $240,000 after buying an additional 76 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in CBOE Holdings during the second quarter worth $246,000. Hedge funds and other institutional investors own 73.76% of the company’s stock.

CBOE Holdings Company Profile

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