Cboe Global Markets’ (CBOE) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Cboe Global Markets (NASDAQ:CBOE) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a $174.00 price objective on the stock, down from their prior price objective of $203.00.

Several other equities analysts have also commented on CBOE. Barclays lowered shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $230.00 to $220.00 in a research report on Monday, December 9th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research report on Monday. Finally, Keefe, Bruyette & Woods increased 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 research report on Friday, December 20th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $197.60.

Cboe Global Markets Price Performance

CBOE stock opened at $192.99 on Tuesday. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets Announces Dividend

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

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors have recently bought and sold shares of CBOE. Barclays PLC raised its position in Cboe Global Markets by 27.9% during the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock worth $109,662,000 after buying an additional 116,852 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Cboe Global Markets by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after purchasing an additional 92,537 shares during the period. Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $15,175,000. World Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $14,430,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $11,191,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

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.