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