CBOE Holdings, Inc (NASDAQ:CBOE) posted its earnings results on Tuesday. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The company had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $208.30 million. CBOE Holdings had a return on equity of 70.50% and a net margin of 28.74%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 0.69% on Friday, reaching $84.99. The company’s stock had a trading volume of 366,023 shares. The company’s 50 day moving average is $82.60 and its 200-day moving average is $76.86. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $86.28. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 47.43 and a beta of 0.66.
In other news, Director Christopher Mitchell sold 470,000 shares of CBOE Holdings stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $78.26, for a total transaction of $36,782,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, March 27th. The stock was sold at an average price of $78.61, for a total transaction of $393,050.00. Following the transaction, the chairman now owns 85,611 shares in the company, valued at approximately $6,729,880.71. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of CBOE Holdings by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,743,170 shares of the financial services provider’s stock valued at $696,695,000 after buying an additional 199,463 shares in the last quarter. FMR LLC boosted its position 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 valued at $766,920,000 after buying an additional 3,238,234 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $643,485,000 after buying an additional 1,803,114 shares in the last quarter. BlackRock Inc. boosted its position 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 valued at $397,614,000 after buying an additional 4,855,309 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock valued at $362,164,000 after buying an additional 81,200 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.
A number of research firms recently issued reports on CBOE. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank of Canada set a $90.00 price target on CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price target on shares of CBOE Holdings in a research note on Monday, April 10th. Deutsche Bank AG lifted their price target on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Finally, Bank of America Corp raised CBOE Holdings from an “underperform” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, January 31st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. CBOE Holdings currently has a consensus rating of “Hold” and a consensus target price of $72.53.
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CBOE Holdings Company Profile
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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