CBOE Holdings, Inc. (CBOE) Receives $100.91 Consensus PT from Brokerages
CBOE Holdings, Inc. (NASDAQ:CBOE) has been given a consensus rating of “Buy” by the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $101.64.
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada cut shares of CBOE Holdings from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $100.00 to $108.00 in a research report on Monday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $108.00 price target on shares of CBOE Holdings in a research report on Thursday, October 12th. Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub cut shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, October 9th.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $105.52, for a total transaction of $527,600.00. Following the completion of the transaction, the chairman now owns 75,611 shares in the company, valued at $7,978,472.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David S. Reynolds sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $109.12, for a total transaction of $436,480.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,240 shares of company stock valued at $21,417,728. Corporate insiders own 1.86% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in CBOE Holdings by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after buying an additional 1,519,882 shares in the last quarter. Vanguard Group Inc. lifted its stake in CBOE Holdings by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after buying an additional 1,886,113 shares in the last quarter. BlackRock Inc. lifted its stake in CBOE Holdings by 30.7% in the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after buying an additional 1,507,072 shares in the last quarter. State Street Corp lifted its stake in CBOE Holdings by 17.2% in the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after buying an additional 604,328 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in CBOE Holdings by 26.6% in the second quarter. Artisan Partners Limited Partnership now owns 2,268,651 shares of the financial services provider’s stock valued at $207,355,000 after buying an additional 475,971 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
CBOE Holdings (CBOE) traded up 0.05% during mid-day trading on Friday, reaching $109.59. 760,133 shares of the company traded hands. CBOE Holdings has a one year low of $61.58 and a one year high of $110.67. The firm has a market cap of $12.36 billion, a PE ratio of 59.92 and a beta of 0.50. The stock’s 50-day moving average price is $105.74 and its 200-day moving average price is $92.98.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The company had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same quarter in the previous year, the company earned $0.60 EPS. CBOE Holdings’s revenue was up 85.2% on a year-over-year basis. Analysts forecast that CBOE Holdings will post $3.42 earnings per share for the current fiscal year.
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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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