Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives $197.60 Average Price Target from Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been assigned a consensus rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $197.60.

CBOE has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. Jefferies Financial Group lowered their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Barclays lowered Cboe Global Markets from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $230.00 to $220.00 in a research report on Monday, December 9th. Finally, StockNews.com downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds have recently added to or reduced their stakes in CBOE. Harbor Capital Advisors Inc. lifted its position in shares of Cboe Global Markets by 5.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,134 shares of the company’s stock worth $612,000 after purchasing an additional 170 shares during the period. Fortem Financial Group LLC raised its stake in Cboe Global Markets by 1.6% during the fourth quarter. Fortem Financial Group LLC now owns 6,119 shares of the company’s stock worth $1,196,000 after buying an additional 99 shares during the last quarter. Nordea Investment Management AB boosted its position in Cboe Global Markets by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock valued at $126,262,000 after acquiring an additional 92,537 shares during the last quarter. GAMMA Investing LLC boosted its position in Cboe Global Markets by 146.1% during the fourth quarter. GAMMA Investing LLC now owns 4,167 shares of the company’s stock valued at $814,000 after acquiring an additional 2,474 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after acquiring an additional 24,177 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 0.9 %

Shares of CBOE opened at $191.23 on Thursday. The company has a market capitalization of $20.02 billion, a PE ratio of 26.05, a P/E/G ratio of 1.71 and a beta of 0.68. The stock’s 50-day moving average is $201.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.32%. Cboe Global Markets’s dividend payout ratio is currently 34.33%.

Cboe Global Markets Company Profile

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.