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

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $184.00 price objective on the stock. The Goldman Sachs Group's target price indicates a potential downside of 4.05% from the stock's current price.

CBOE has been the topic of a number of other research reports. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Friday, December 27th. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $217.00 to $220.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Finally, Barclays cut shares of Cboe Global Markets from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $230.00 to $220.00 in a research note on Monday, December 9th.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE traded down $3.48 on Monday, reaching $191.76. 757,213 shares of the company's stock were exchanged, compared to its average volume of 609,538. 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 twelve month low of $166.13 and a twelve month high of $221.66. The firm has a market cap of $20.07 billion, a PE ratio of 26.13, a PEG ratio of 1.71 and a beta of 0.68.

Institutional Trading of Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in CBOE. TD Private Client Wealth LLC lifted its stake in shares of Cboe Global Markets by 149.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $76,000 after acquiring an additional 222 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the third quarter valued at about $158,000. Coastwise Capital Group LLC bought a new position in Cboe Global Markets in the third quarter valued at about $216,000. Rehmann Capital Advisory Group boosted its stake in shares of Cboe Global Markets by 5.3% during the third 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. grew its holdings in shares of Cboe Global Markets by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company's stock worth $269,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds 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.