Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have earned an average rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $198.83.

Several research analysts recently issued reports on CBOE shares. Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. Oppenheimer dropped their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday. Jefferies Financial Group reduced their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Finally, Barclays dropped their target price on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday.

Cboe Global Markets Stock Up 0.9 %

NASDAQ CBOE opened at $192.72 on Thursday. Cboe Global Markets has a twelve month low of $166.13 and a twelve month high of $221.66. The company has a market capitalization of $20.18 billion, a PE ratio of 26.26, a P/E/G ratio of 1.71 and a beta of 0.68. The company has a 50-day simple moving average of $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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued 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 1.31%. Cboe Global Markets’s dividend payout ratio is 34.33%.

Hedge Funds Weigh In On Cboe Global Markets

Several large investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Cboe Global Markets by 27.9% in the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after acquiring an additional 116,852 shares during the last quarter. Nordea Investment Management AB lifted its stake 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 worth $126,262,000 after purchasing an additional 92,537 shares during the last quarter. Harmony Asset Management LLC bought a new position in Cboe Global Markets during the 3rd quarter worth approximately $15,175,000. World Investment Advisors LLC purchased a new position in shares of Cboe Global Markets in the third quarter worth $14,430,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Cboe Global Markets in the third quarter valued at about $11,191,000. 82.67% of the stock is currently owned by 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.