Is CBOE Holdings (NASDAQ:CBOE) a Sell? What does RBC Capital Mkts Think?


Why Has RBC Capital Mkts Given CBOE Holdings (NASDAQ:CBOE) a $82.0 Price Target

RBC Capital Mkts analyst have started coverage with a “Outperform” rating on CBOE Holdings (NASDAQ:CBOE) today and set a price target of $82.0. The firm’s shares opened today at 65.92.

From a total of 14 analysts covering CBOE Holdings Inc (NASDAQ:CBOE) stock, 2 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is $82 while the lowest target price is $53. The mean of all analyst targets is $66.14 with a -1.70% below today’s ($65.92) stock price. CBOE Holdings Inc was the topic of 23 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on December 8 to “Underweight” rating. Zacks upgraded shares to “Buy” rating and $71 target share price in a report from a September 7. JP Morgan maintained CBOE stock in a recent report from November 2 with “Neutral” rating. Standpoint Research maintained the rating on August 9. Standpoint Research has a “Hold” rating and a $60 price target on shares. Finally, Wood maintained the stock with “Market Perform” rating in a report issued on a September 9.

Approximately 1,300 shares of stock traded hands. CBOE Holdings, Inc (NASDAQ:CBOE) has risen 18.67% since May 6, 2015 and is uptrending. It has outperformed by 19.46% the S&P500.

The overall sentiment of institutions has increased to 1.16 in Q2 2015. Its up 0.25, from 0.91 in 2015Q2. The ratio increased, as 21 institutions have sold all the shares of CBOE Holdings, Inc that they owned while 95 funds have taken shares off the table. 47 funds have purchased shares for the first time while 88 added to their positions. These institutions now hold 65.70 million shares or 15.80% more than the 56.74 million shares they owned in 2015Q2.

The Fund Herndon Capital Management Llc currently is holding shares equating to 3.91% of its total portfolio in CBOE Holdings, Inc representing a total of 2.99 million shares. Another fund,Alphagen Securities Llc, is holding a total of 7,332 shares equating to 3.7% of their holdings. Additionally, Van Berkom & Associates Inc. has a 927,783 share stake in CBOE Holdings, Inc which represents 3.11% of their total portfolio. The Fund, Mark Asset Management Corp, based out of New York, has also built up a stake in the stock, which represents a total of 2.53% of their total portfolio. Finally Horizon Kinetics Llc, a fund which is based in the state of New York reported a total holdings of 1.71 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 24, 2015, shareholders of CBOE Holdings, Inc have witnessed 0 insider buys, and a total of 7 sales equating to a net activity of approximately $2.76 million . Provost Edward L sold 5,000 shares worth approximately $330,500. Dean Alan J sold 6,586 shares worth approximately $428,156. Tilly Edward T sold 6,250 shares worth approximately $412,625. O’connell Gerald T sold 9,909 shares worth approximately $614,358.

CBOE Holdings, Inc., is a holding company. The company has a market cap of $5.44 billion. The Company’s principal business is operating markets that offer for trading options on various market indexes , on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual firms (equity options) and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). It has 27.1 P/E ratio. The Firm operates three stand-alone exchanges.

According to Zacks Investment Research, “CBOE Holdings, Inc. operates as the holding company for Chicago Board Options Exchange (CBOE), which is an options exchange which operates as an organized marketplace for the trade of standardized, listed options on equity securities. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), and options on the CBOE Volatility Index (VIX). Other products engineered by the Company include equity options, security index options, LEAPS options, FLEX options, and CBOE S&P 500 BuyWrite Index (BXM). Its Hybrid Trading System incorporates electronic and open outcry trading, enabling customers to choose their trading method. CBOE’s Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE Holdings, Inc. is based in Chicago, Illinois.” Get a free copy of the Zacks research report on CBOE Holdings, Inc (CBOE).