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

Cboe Global Markets, Inc. (NASDAQ:CBOE) has received an average recommendation of “Reduce” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $197.60.

Several equities research analysts have commented on the company. Barclays downgraded shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $230.00 to $220.00 in a research report on Monday, December 9th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday. Finally, William Blair started coverage on Cboe Global Markets in a research report on Thursday. They issued a “market perform” rating for the company.

Institutional Trading of Cboe Global Markets

Institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its stake in Cboe Global Markets by 149.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $76,000 after acquiring an additional 222 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the third quarter worth approximately $158,000. Coastwise Capital Group LLC purchased a new position in Cboe Global Markets during the 3rd quarter worth $216,000. Rehmann Capital Advisory Group raised its position in 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. Finally, Coldstream Capital Management Inc. lifted 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 worth $269,000 after buying an additional 66 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $2.15 during midday trading on Thursday, reaching $192.99. 635,371 shares of the company’s stock traded hands, 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. Cboe Global Markets has a 12 month low of $166.13 and a 12 month high of $221.66. The company has a market cap of $20.20 billion, a PE ratio of 26.29, a P/E/G ratio of 1.71 and a beta of 0.68.

Cboe Global Markets Dividend Announcement

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