The Goldman Sachs Group Downgrades Cboe Global Markets (NASDAQ:CBOE) to Sell

Cboe Global Markets (NASDAQ:CBOE) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Monday,Finviz reports. They presently have a $184.00 price objective on the stock. The Goldman Sachs Group’s target price indicates a potential downside of 5.76% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Friday, December 27th. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Barclays downgraded shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $230.00 to $220.00 in a research note on Monday, December 9th.

Cboe Global Markets Stock Down 0.6 %

Cboe Global Markets stock opened at $195.24 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66. The company has a market capitalization of $20.44 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.71 and a beta of 0.68.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its position in shares of Cboe Global Markets by 5.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock valued at $257,000 after purchasing an additional 63 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Cboe Global Markets by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock valued at $269,000 after acquiring an additional 66 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Cboe Global Markets by 3.4% during the third quarter. Sunbelt Securities Inc. now owns 2,152 shares of the company’s stock worth $441,000 after purchasing an additional 71 shares in the last quarter. M&T Bank Corp raised its stake in Cboe Global Markets by 6.6% in the third quarter. M&T Bank Corp now owns 3,245 shares of the company’s stock valued at $665,000 after purchasing an additional 201 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Cboe Global Markets by 149.0% during the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

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.