Cboe Global Markets (NASDAQ:CBOE) Earns "Underweight" Rating from JPMorgan Chase & Co.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report)'s stock had its "underweight" rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $174.00 target price on the stock, down from their prior target price of $203.00. JPMorgan Chase & Co.'s target price indicates a potential downside of 8.82% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Barclays cut shares of Cboe Global Markets from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $230.00 to $220.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $217.00 to $220.00 and gave the company a "market perform" rating in a report on Friday, December 20th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Friday, December 27th. Finally, The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a report on Monday. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $199.50.

Cboe Global Markets Stock Down 0.5 %

Shares of NASDAQ CBOE traded down $0.92 during mid-day trading on Tuesday, reaching $190.84. The company had a trading volume of 946,578 shares, compared to its average volume of 693,794. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $19.98 billion, a P/E ratio of 26.00, a PEG ratio of 1.71 and a beta of 0.68.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently added to or reduced their stakes in CBOE. Fortem Financial Group LLC raised its stake in shares of Cboe Global Markets by 1.6% in the fourth quarter. Fortem Financial Group LLC now owns 6,119 shares of the company's stock valued at $1,196,000 after buying an additional 99 shares during the period. Nordea Investment Management AB increased its holdings in Cboe Global Markets by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company's stock worth $126,262,000 after acquiring an additional 92,537 shares during the last quarter. GAMMA Investing LLC raised its stake in Cboe Global Markets by 146.1% in the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company's stock valued at $96,613,000 after purchasing an additional 24,177 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in 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. Institutional investors own 82.67% of the company's stock.

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.