Wells Fargo & Company Reaffirms “Outperform” Rating for CBOE Holdings, Inc. (CBOE)

Wells Fargo & Company reaffirmed their outperform rating on shares of CBOE Holdings, Inc. (NASDAQ:CBOE) in a research report report published on Thursday, The Fly reports. Wells Fargo & Company currently has a $120.00 price target on the financial services provider’s stock, up from their previous price target of $106.00. The analysts noted that the move was a valuation call.

CBOE has been the subject of several other research reports. Jefferies Group LLC restated a hold rating and issued a $92.00 price objective on shares of CBOE Holdings in a research note on Thursday, August 24th. Barclays PLC initiated 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 objective for the company. BidaskClub upgraded shares of CBOE Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $100.00 price objective on shares of CBOE Holdings and gave the company a buy rating in a research note on Monday, September 11th. Finally, Deutsche Bank AG upped their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a hold rating in a research note on Monday, August 7th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $88.04.

Shares of CBOE Holdings (CBOE) traded down 0.24% during trading on Thursday, reaching $108.17. The company had a trading volume of 1,626,518 shares. The firm has a 50-day moving average of $103.92 and a 200 day moving average of $91.71. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $110.21. The firm has a market capitalization of $12.20 billion, a PE ratio of 59.14 and a beta of 0.50.

CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $266.22 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 85.2% on a year-over-year basis. Analysts expect that CBOE Holdings will post $3.41 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company Reaffirms “Outperform” Rating for CBOE Holdings, Inc. (CBOE)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/wells-fargo-company-reaffirms-outperform-rating-for-cboe-holdings-inc-cboe.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. CBOE Holdings’s dividend payout ratio is 59.67%.

In related news, Director Frank E. Jr. English sold 700 shares of the stock in a transaction dated 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 transaction, the director now directly owns 4,514 shares of the company’s stock, valued at $449,549.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carole E. Stone sold 1,520 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the transaction, the director now directly owns 14,241 shares of the company’s stock, valued at $1,383,370.74. 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 quarter. Insiders own 1.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBOE. Strs Ohio purchased a new position in CBOE Holdings during the second quarter worth about $120,000. Bronfman E.L. Rothschild L.P. raised its holdings in 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 worth $123,000 after purchasing an additional 20 shares in the last quarter. Royce & Associates LP purchased a new position in CBOE Holdings during the first quarter worth about $180,000. Huntington National Bank purchased a new position in CBOE Holdings during the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CBOE Holdings during the second quarter worth about $183,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

CBOE Holdings Company Profile

CBOE Holdings, Inc is a holding company. T

CBOE has been the subject of several other research reports. Jefferies Group LLC restated a hold rating and issued a $92.00 price objective on shares of CBOE Holdings in a research note on Thursday, August 24th. Barclays PLC initiated 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 objective for the company. BidaskClub upgraded shares of CBOE Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $100.00 price objective on shares of CBOE Holdings and gave the company a buy rating in a research note on Monday, September 11th. Finally, Deutsche Bank AG upped their price objective on shares of CBOE Holdings from $88.00 to $89.00 and gave the company a hold rating in a research note on Monday, August 7th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $88.04.

Shares of CBOE Holdings (CBOE) traded down 0.24% during trading on Thursday, reaching $108.17. The company had a trading volume of 1,626,518 shares. The firm has a 50-day moving average of $103.92 and a 200 day moving average of $91.71. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $110.21. The firm has a market capitalization of $12.20 billion, a PE ratio of 59.14 and a beta of 0.50.

CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $266.22 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 85.2% on a year-over-year basis. Analysts expect that CBOE Holdings will post $3.41 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company Reaffirms “Outperform” Rating for CBOE Holdings, Inc. (CBOE)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/wells-fargo-company-reaffirms-outperform-rating-for-cboe-holdings-inc-cboe.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. CBOE Holdings’s dividend payout ratio is 59.67%.

In related news, Director Frank E. Jr. English sold 700 shares of the stock in a transaction dated 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 transaction, the director now directly owns 4,514 shares of the company’s stock, valued at $449,549.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carole E. Stone sold 1,520 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the transaction, the director now directly owns 14,241 shares of the company’s stock, valued at $1,383,370.74. 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 quarter. Insiders own 1.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBOE. Strs Ohio purchased a new position in CBOE Holdings during the second quarter worth about $120,000. Bronfman E.L. Rothschild L.P. raised its holdings in 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 worth $123,000 after purchasing an additional 20 shares in the last quarter. Royce & Associates LP purchased a new position in CBOE Holdings during the first quarter worth about $180,000. Huntington National Bank purchased a new position in CBOE Holdings during the second quarter worth about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CBOE Holdings during the second quarter worth about $183,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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).

The Fly

Analyst Recommendations for CBOE Holdings (NASDAQ:CBOE)

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