Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Consensus Recommendation of "Reduce" by Brokerages

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) has earned an average recommendation of "Reduce" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $197.60.

Several research firms recently issued reports on CBOE. The Goldman Sachs Group lowered Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a research note on Monday. William Blair assumed coverage on shares of Cboe Global Markets in a research note on Thursday. They set a "market perform" rating on the stock. Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $217.00 to $220.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Finally, StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Friday, December 27th.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors have recently modified their holdings of CBOE. Janus Henderson Group PLC raised its stake in Cboe Global Markets by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company's stock valued at $313,090,000 after acquiring an additional 5,216 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Cboe Global Markets by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company's stock valued at $126,262,000 after purchasing an additional 92,537 shares during the period. Barclays PLC raised its stake in shares of Cboe Global Markets by 27.9% during the third quarter. Barclays PLC now owns 535,284 shares of the company's stock worth $109,662,000 after purchasing an additional 116,852 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company's stock worth $96,613,000 after purchasing an additional 24,177 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Cboe Global Markets by 2.0% during the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company's stock worth $32,197,000 after purchasing an additional 3,155 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 1.1 %

Shares of NASDAQ:CBOE traded up $2.15 during midday trading on Thursday, reaching $192.99. 635,371 shares of the company's stock were exchanged, compared to its average volume of 676,094. The company has a market capitalization 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 fifty-two week low of $166.13 and a fifty-two week high of $221.66. 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 Dividend Announcement

The business 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets's dividend payout ratio (DPR) is 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.