Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Average Recommendation of “Reduce” by Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE) has been given an average rating of “Reduce” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $197.60.

CBOE has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday. Barclays downgraded Cboe Global Markets from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $230.00 to $220.00 in a research note on Monday, December 9th. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after acquiring an additional 24,177 shares during the period. Nordea Investment Management AB lifted its stake in shares of Cboe Global Markets by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock valued at $126,262,000 after purchasing an additional 92,537 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cboe Global Markets by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock valued at $32,197,000 after purchasing an additional 3,155 shares during the period. Tri Ri Asset Management Corp purchased a new stake in Cboe Global Markets during the third quarter worth $5,499,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in Cboe Global Markets during the third quarter valued at $7,647,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 1.1 %

Shares of Cboe Global Markets stock traded up $2.15 on Thursday, reaching $192.99. The stock had a trading volume of 635,371 shares, compared to its average volume of 676,094. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $20.20 billion, a P/E ratio of 26.29, a PEG ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $221.66.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.33%.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.