Deutsche Bank AG upgraded shares of CBOE Holdings, Inc. (NASDAQ:CBOE) from a sell rating to a hold rating in a research note issued to investors on Friday morning. The brokerage currently has $73.00 target price on the stock, up from their previous target price of $68.00.
CBOE has been the topic of several other research reports. Wells Fargo & Company upgraded CBOE Holdings from a market perform rating to an outperform rating and lifted their price objective for the company from $67.50 to $80.50 in a report on Tuesday, October 4th. Buckingham Research raised CBOE Holdings from a neutral rating to a buy rating and lifted their target price for the company from $66.00 to $77.00 in a research report on Tuesday, September 27th. Evercore ISI raised CBOE Holdings from a hold rating to a buy rating and set a $74.00 target price on the stock in a research report on Tuesday, October 11th. J P Morgan Chase & Co raised CBOE Holdings from a neutral rating to an overweight rating and lifted their target price for the company from $78.00 to $84.00 in a research report on Friday, December 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on CBOE Holdings from $65.00 to $71.50 and gave the company a market perform rating in a research report on Tuesday, September 27th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $66.79.
CBOE Holdings (NASDAQ:CBOE) traded down 1.28% during midday trading on Friday, hitting $74.53. The stock had a trading volume of 569,630 shares. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $77.29. The firm has a 50-day moving average price of $73.00 and a 200-day moving average price of $68.46. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 31.99 and a beta of 0.61.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 28th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. CBOE Holdings had a return on equity of 73.40% and a net margin of 29.92%. The business had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $159.44 million. During the same quarter in the previous year, the business posted $0.76 EPS. CBOE Holdings’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, equities research analysts anticipate that CBOE Holdings will post $2.37 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.23. CBOE Holdings’s payout ratio is 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 stock was sold at an average price of $76.79, for a total transaction of $479,937.50. Following the completion of the transaction, the chief executive officer now owns 67,361 shares of the company’s stock, valued at approximately $5,172,651.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CBOE Holdings by 14.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,567 shares of the company’s stock worth $166,000 after buying an additional 327 shares during the last quarter. Vantage Investment Advisors LLC boosted its position in shares of CBOE Holdings by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,979 shares of the company’s stock worth $193,000 after buying an additional 11 shares during the last quarter. Steinberg Global Asset Management purchased a new position in shares of CBOE Holdings during the second quarter worth about $203,000. Summit Securities Group LLC purchased a new position in shares of CBOE Holdings during the third quarter worth about $206,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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. 75.22% of the stock is owned by institutional investors.
About CBOE Holdings
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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