CBOE Holdings, Inc. (CBOE) PT Raised to $120.00

CBOE Holdings, Inc. (NASDAQ:CBOE) had its target price upped by investment analysts at Bank of America Corporation from $113.00 to $120.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Bank of America Corporation’s target price would indicate a potential upside of 10.67% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Friday, July 14th. BidaskClub cut CBOE Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada set a $100.00 target price on CBOE Holdings and gave the stock a “buy” rating in a report on Monday, September 11th. Barclays PLC started coverage on CBOE Holdings in a report on Friday, September 8th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, Deutsche Bank AG lifted their target price on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. CBOE Holdings has a consensus rating of “Buy” and a consensus price target of $92.38.

CBOE Holdings (CBOE) opened at 108.43 on Monday. CBOE Holdings has a 12-month low of $61.58 and a 12-month high of $110.21. The stock has a 50 day moving average price of $104.61 and a 200-day moving average price of $92.31. The stock has a market capitalization of $12.23 billion, a PE ratio of 59.28 and a beta of 0.50.

CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) 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 firm 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 business’s revenue was up 85.2% compared to the same quarter last year. On average, equities analysts anticipate that CBOE Holdings will post $3.41 earnings per share for the current fiscal year.

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In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the completion of the transaction, the director now owns 14,241 shares in the company, valued at $1,383,370.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher A. Isaacson sold 7,020 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $100.61, for a total value of $706,282.20. Following the transaction, the vice president now owns 97,897 shares of the company’s stock, valued at approximately $9,849,417.17. The disclosure for this sale can be found here. Insiders have sold 214,240 shares of company stock valued at $20,981,248 in the last 90 days. Company insiders own 1.86% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Vantage Investment Advisors LLC boosted its position in shares of CBOE Holdings by 0.3% during the second quarter. Vantage Investment Advisors LLC now owns 3,006 shares of the financial services provider’s stock valued at $275,000 after buying an additional 8 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of CBOE Holdings by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock valued at $511,000 after buying an additional 16 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of CBOE Holdings by 1.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after buying an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of CBOE Holdings by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,826 shares of the financial services provider’s stock valued at $624,000 after buying an additional 21 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of CBOE Holdings by 0.9% during the second quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock valued at $208,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 82.45% 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).

Analyst Recommendations for CBOE Holdings (NASDAQ:CBOE)

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