CBOE Holdings, Inc. (NASDAQ:CBOE) Upgraded by BidaskClub to Strong-Buy
CBOE Holdings, Inc. (NASDAQ:CBOE) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
Several other equities research analysts have also recently weighed in on CBOE. Deutsche Bank AG boosted their price objective on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price objective (up from $85.00) on shares of CBOE Holdings in a research note on Monday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of CBOE Holdings in a research note on Thursday, July 13th. Zacks Investment Research cut CBOE Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. began coverage on CBOE Holdings in a research note on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.97.
Shares of CBOE Holdings (NASDAQ CBOE) traded down 0.32% during trading on Thursday, reaching $96.49. The company’s stock had a trading volume of 35,708 shares. CBOE Holdings has a 12-month low of $61.58 and a 12-month high of $96.95. The company has a market cap of $10.88 billion, a PE ratio of 52.76 and a beta of 0.49. The company has a 50 day moving average of $92.68 and a 200 day moving average of $84.73.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. On average, analysts anticipate that CBOE Holdings will post $3.37 EPS for the current fiscal year.
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In related news, VP Christopher A. Isaacson sold 7,316 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $86.85, for a total value of $434,250.00. Following the completion of the sale, the chairman now owns 80,611 shares of the company’s stock, valued at approximately $7,001,065.35. The disclosure for this sale can be found here. Insiders sold 237,316 shares of company stock valued at $21,150,160 in the last quarter. 0.96% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock worth $397,614,000 after buying an additional 4,855,309 shares during the last quarter. FMR LLC raised its stake in shares of CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares during the last quarter. General Atlantic LLC purchased a new stake in shares of CBOE Holdings during the first quarter worth about $230,006,000. Vanguard Group Inc. raised its stake in shares of CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock worth $643,485,000 after buying an additional 1,803,114 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of CBOE Holdings during the first quarter worth about $145,333,000. Hedge funds and other institutional investors own 78.39% of the company’s stock.
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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