CBOE Holdings, Inc. (CBOE) Hits New 1-Year High at $116.60

CBOE Holdings, Inc. (NASDAQ:CBOE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $116.60 and last traded at $115.74, with a volume of 881100 shares changing hands. The stock had previously closed at $114.45.

Several equities analysts have commented on CBOE shares. Bank of America Corporation raised their target price on shares of CBOE Holdings from $113.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $108.00 target price on shares of CBOE Holdings in a report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 target price on shares of CBOE Holdings in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Monday, October 9th. Finally, Barclays PLC began coverage on shares of CBOE Holdings in a research note on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. CBOE Holdings currently has an average rating of “Buy” and an average price target of $105.36.

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.46. The company has a market cap of $12,985.25, a PE ratio of 36.10, a P/E/G ratio of 1.92 and a beta of 0.49.

CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The business had revenue of $269.70 million for the quarter, compared to the consensus estimate of $270.14 million. CBOE Holdings had a net margin of 13.37% and a return on equity of 14.70%. The firm’s revenue was up 98.0% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. equities analysts forecast that CBOE Holdings, Inc. will post 3.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.27 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. CBOE Holdings’s dividend payout ratio (DPR) is currently 58.70%.

In other news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, September 11th. The shares were sold at an average price of $105.52, for a total value of $527,600.00. Following the completion of the sale, the chairman now owns 75,611 shares in the company, valued at approximately $7,978,472.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 700 shares of CBOE Holdings stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the completion of the sale, the director now owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The disclosure for this sale can be found here. Insiders sold a total of 16,720 shares of company stock worth $1,740,075 in the last 90 days. Corporate insiders own 1.86% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of CBOE Holdings by 16.1% in the 2nd quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after acquiring an additional 1,519,882 shares in the last quarter. Vanguard Group Inc. increased its stake in CBOE Holdings by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after purchasing an additional 1,886,113 shares in the last quarter. BlackRock Inc. increased its stake in CBOE Holdings by 30.7% during the 2nd quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after purchasing an additional 1,507,072 shares in the last quarter. State Street Corp increased its stake in CBOE Holdings by 17.2% during the 2nd quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after purchasing an additional 604,328 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in CBOE Holdings by 2.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock valued at $249,557,000 after purchasing an additional 50,004 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

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About CBOE Holdings

Cboe Global Markets, Inc, formerly 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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