CBOE Holdings, Inc. (CBOE) Given Hold Rating at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of CBOE Holdings, Inc. (NASDAQ:CBOE) in a research note published on Tuesday. The brokerage currently has a $92.00 price objective on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on the stock. BidaskClub upgraded shares of CBOE Holdings from a buy rating to a strong-buy rating in a report on Friday, June 30th. Deutsche Bank AG increased their price target on shares of CBOE Holdings from $76.00 to $79.00 and gave the company a hold rating in a research note on Tuesday, July 4th. Zacks Investment Research cut shares of CBOE Holdings from a buy rating to a hold rating in a research note on Friday, September 15th. Barclays PLC initiated coverage on shares of CBOE Holdings in a research report on Friday, September 8th. They issued an equal weight rating and a $105.00 price objective for the company. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of CBOE Holdings and gave the company a buy rating in a research report on Monday, September 11th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $84.75.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 0.09% on Tuesday, reaching $109.17. 449,438 shares of the company traded hands. The stock has a 50 day moving average of $102.96 and a 200 day moving average of $91.26. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $109.65. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 59.69 and a beta of 0.50.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, analysts expect that CBOE Holdings will post $3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 0.99%. CBOE Holdings’s dividend payout ratio (DPR) is 59.67%.
In other news, Director Frank E. Jr. English sold 700 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $99.59, for a total transaction of $69,713.00. Following the transaction, the director now owns 4,514 shares in the company, valued at $449,549.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $105.52, for a total value of $527,600.00. Following the sale, the chairman now directly owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,240 shares of company stock valued at $20,981,248. Corporate insiders own 1.86% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in CBOE Holdings by 40.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 106,212 shares of the financial services provider’s stock worth $8,611,000 after buying an additional 30,484 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of CBOE Holdings during the first quarter worth $625,000. Prudential Financial Inc. lifted its holdings in shares of CBOE Holdings by 177.9% during the first quarter. Prudential Financial Inc. now owns 124,652 shares of the financial services provider’s stock worth $10,106,000 after buying an additional 79,793 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of CBOE Holdings by 69.7% during the first quarter. SG Americas Securities LLC now owns 18,056 shares of the financial services provider’s stock worth $1,464,000 after buying an additional 7,417 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of CBOE Holdings by 175.4% in the first quarter. Schroder Investment Management Group now owns 43,622 shares of the financial services provider’s stock valued at $3,490,000 after acquiring an additional 27,783 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
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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